Skip to content
Heads up: The CLARITY Act is not law. Statuses are rules-based estimates from public evidence, not legal or financial advice.
← All comparisons

XRP vs Stellar: which is a security?

Likely status under the proposed CLARITY Act, side by side. Last updated Oct 19, 2026.

Verdict

On current evidence both are rated "Likely digital commodity" (XRP: Medium-High, XLM: Medium-High confidence). Neither has a stronger case than the other.

XRPXRP
Likely statusLikely digital commodity
StellarXLM
Likely statusLikely digital commodity

Confidence

XRP:
XLM:

Main reason

XRP: named as a digital commodity in the SEC's March 2026 interpretation (with CFTC guidance).
XLM: named as a digital commodity in the SEC's March 2026 interpretation (with CFTC guidance).

US exchange access

XRP: Coinbase (US incl. NY)
XLM: Coinbase (US incl. NY)

ETFs / CFTC futures

XRP: US-listed XRP exchange-traded products trading as of Oct 19, 2026 (per tracker): Canary XRPC, Bitwise XRP, Grayscale GXRP, Franklin XRPZ, 21…
CME lists XRP futures, including Spot-Quoted XRP futures (Dec 15, 2025).
XLM: Grayscale Stellar Lumens Trust (GXLM) trades over the counter (not an ETF).
CME Lumens (XLM) futures began trading on Feb 9, 2026.

Key official sources

XRP: Federal Register (SEC & CFTC): The SEC's March 2026 interpretation lists XRP as an example of a 'digital commodity' (not itself a security), based on i… ↗
SEC: Litigation ended Aug 2025. The final judgment (Aug 7, 2024) stands: $125.0M penalty and an injunction against Ripple vio… ↗
U.S. District Court, S.D.N.Y.: In SEC v. Ripple (S.D.N.Y., July 2023), the court held Ripple's institutional XRP sales were investment contracts, while… ↗
XLM: Federal Register (SEC & CFTC): The SEC's March 2026 interpretation lists Stellar (XLM) as an example of a 'digital commodity' (not itself a security), … ↗

Questions

Is XRP or Stellar more likely to be a security?

On current evidence both are rated "Likely digital commodity" (XRP: Medium-High, XLM: Medium-High confidence). Neither has a stronger case than the other. Not legal advice.

Is XRP a security?

Probably not, on current evidence. ClarityCheck rates XRP as a likely digital commodity (medium-high confidence): Named as a digital commodity in the SEC's March 2026 interpretation (with CFTC guidance). This is not legal advice, and the CLARITY Act is not law.

Is XLM a security?

Probably not, on current evidence. ClarityCheck rates Stellar as a likely digital commodity (medium-high confidence): Named as a digital commodity in the SEC's March 2026 interpretation (with CFTC guidance). This is not legal advice, and the CLARITY Act is not law.

Full XRP evidence → · Full XLM evidence →

Not legal, financial or investment advice. The CLARITY Act is not law. Facts are from the linked sources as checked on Oct 19, 2026; please tell us if anything is out of date.