The U.S. Securities and Exchange Commission (SEC) is weighing labeling XRP as a commodity in settlement negotiations with Ripple Labs. The move is important in the court case that started in December 2020,

The case, which has dragged on since December 2020 when the SEC accused Ripple of raising over $1.3 billion through unregistered sales of its closely related XRP token, may finally be wrapping up — though not without last-minute wrangling over its terms.