Did the Ruling Affect the Classification of XRP as a Commodity or Currency?

The ruling did not definitively classify XRP as a commodity or a currency. The court only ruled on whether the specific transactions (institutional vs. programmatic sales) constituted an "investment contract" (a type of security).

By finding that programmatic sales were not investment contracts, it left the asset's underlying nature open. While the CFTC has asserted jurisdiction over some crypto assets as commodities, the court's ruling focused strictly on the SEC's investment contract claim, leaving the ultimate classification of XRP as a commodity or currency to future regulatory or judicial action.