NewsBTC
Nov 14, 2025
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US Senate Draft Bill Proposes CFTC Oversight for XRP and Bitcoin

A bipartisan draft bill in the US Senate is renewing the debate on whether XRP is a commodity or security.

  • The proposed Market Structure Draft seeks to divide regulatory oversight: the Commodity Futures Trading Commission (CFTC) would oversee digital commodities like XRP and Bitcoin, while the Securities and Exchange Commission (SEC) would handle traditional securities.
  • Proponents argue this could resolve legal ambiguities for many tokens.

Study by Durham University

  • Research from Durham University describes XRP as a “radical form of commodity money.”
  • XRP is portrayed as "like gold," emphasizing its liquidity and value independence from company liabilities.

XRP’s Dual Functionality

  • XRP serves dual roles: a digital asset with commodity traits and a bridge asset for Ripple's payment network.
  • Ripple's evolution from a trust-based mutual credit system to a blockchain-focused payments network supports its use for cross-border transfers.

Push for Regulatory Clarity

  • Senators advocating for clear legal definitions suggest that new legislation, combined with the 2023 court ruling stating XRP is not a security, could settle the debate.
  • XRP processes over $5 trillion annually, with Ripple aiming to capture 14% of SWIFT’s $150 trillion volume by 2030.

Market Dynamics

  • XRP price rose to $2.50 from $2.40, marking a 4% gain; daily trade volume spiked by 52%, hitting nearly $5.8 billion.