XRP tokens rose 8% to just under 50 cents in Asian morning hours on Tuesday, reaching a five-month high. Some members of the community suggested that the classification of major tokens as a commodity in a US Commodity Futures Trading Commission (CFTC) filing against Binance could mean XRP tokens were commodities instead of a security, as alleged by the US Securities and Exchange Commission in the ongoing Ripple v. SEC case. Ripple has previously made the case for xrp tokens as a commodity. The CFTC filed against Binance, alleging that it offered unregistered crypto derivatives products and directed US customers to evade compliance controls through the use of VPNs.

(By Shaurya Malwa)