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The US SEC is reportedly considering reclassifying XRP as a commodity rather than a security. This move, if confirmed, could ease regulations on the digital asset and boost market confidence.

According to data from YCharts, the average gas fee has dropped from 72 gwei in 2024 to just 2.7 gwei as of 12 March 2025.

With this approval, Ripple can now assist financial institutions in the UAE that want to use blockchain technology to make payments faster, cheaper, and more transparent.