$XRP vs $ETH: SEC Reportedly Comparing Top Altcoins As Part Of Ripple Case Talks

The U.S. Securities and Exchange Commission (SEC) is reportedly continuously weighing its case against fintech firm Ripple, and among the main discussions is whether the XRP token can be proven as more of a commodity than a security.A previous ruling designated the XRP Ledger's native cryptocurrency as a non-security when offered on exchanges, but the question remains on whether institutional sales constitute a security transaction or Centered on Comparing $XRP and $ETH to Determine Status: ReportOn Thursday, journalist Charles Gasparino followed up on Eleanor Terrett's report Wednesday that the SEC may soon reach an agreement with Ripple to end the lawsuit filed late in of the pressing points of the ongoing settlement negotiations is on the XRP coin's legal status, as per Gasparino, and Ethereum, the world's second-largest crypto asset, is reportedly being used as an example."ETH was obviously issued as an ICO (initial coin offering); its characteristics on issuance was no different than XRP—both used to finance the buildout of a platform," he the two major altcoins had similar issuance structures, Ripple was sued by the SEC and Ethereum was not "because ETH had since morphed into a commodity," he this point, the SEC is in discussion with Ripple, the XRP token's largest known corporate holder, to determine whether XRP has also evolved into a commodity as ETH has, he added.$XRP Holders Blast Gasparino Over 'Scoop'As soon as Gasparino's post started spreading on X, the XRP Army, long-time holders of the XRP token, took to the comments section to criticize the journalist for seemingly insisting that XRP is a security."I can almost guarantee this is not a 'scoop.' Rather it's Charlie trying to push his narrative (anti-XRP, anti-Torres ruling, Ethgate denying, etc.)," one user , another XRP holder, said Gasparino should "stay out of crypto" as he is supposedly not good at covering the XRP holder said there shouldn't be any comparison between XRP and ETH since the XRP Ledger "was not built on the sales of XRP" and Ripple "did not create XRP to use as a funding mechanism" to develop the ledger.$XRP Largely Unmoved by ReportDespite displeased responses to the supposed developments around the SEC case against Ripple, XRP was largely unmoved and seemed to brush off Ethereum crypto asset is up 2.7% in the day and is trading at around $2.30 as of early altcoin has had volatile days in recent weeks, as did other crypto assets that were affected by financial markets reacting to U.S. President Donald Trump's trade the other hand, XRP remains up by a stellar 230% in the last 12 months. By comparison, ETH is down 50% in the year and has been on a 25% downturn in the past 30 days.