After an SEC official hinted that most cryptocurrencies are not securities, XRP and Ethereum are at the forefront of a potential shift in U.S. regulatory policy. An SEC document outlines a category called “digital commodities,” listing 16 assets including XRP, Ethereum, Solana, and Cardano, and explicitly states that staking and airdrops are not securities activities. An analyst claims this move could unlock up to $4.7 trillion in funds, with the market caps of these assets reaching $1.8 trillion, plus previously sidelined institutional capital. This shift could weaken ongoing SEC lawsuits and accelerate spot ETF applications for various assets, while encouraging broader institutional participation. However, this change is only an interpretation by institutions and not legally binding, so its long-term validity remains uncertain.