A court in Illinois, USA, made an important decision in favor of the US Commodity Futures Trading Commission (CFTC). This decision confirms the classification of two popular altcoin projects, Olympus (OHM) and KlimaDAO (KLIMA), as “commodities”.
Well what does it mean?
This is a big step forward in how cryptocurrencies will be handled within its regulatory framework. These projects, which are considered “commodities”, will fall under the jurisdiction of the CFTC and will be subject to stricter inspections. While this situation eliminates some uncertainties for investors, it may also create new challenges for project developers.
How will the future of Olympus and KlimaDAO be affected by this decision? How will the crypto world react to this decision? We are following closely.