🚀🎉 Illinois court officially confirmed that Bitcoin (BTC) and Ethereum (ETH) are commodities! Rostin Benham, Chairman of the Commodity and Futures Trading Commission (CFTC), stated that this decision virtually ends the CFTC's wrangling in the crypto space. 😲

👨‍⚖️ The court confirmed that Bitcoin and Ether are commodities under the Commodity Exchange Act. This put an end to ETH's uncertain regulatory classification and encouraged crypto firms to consider other cryptocurrencies similar to ETH as commodities. 🎯

🔍 While the SEC has refused to make a clear statement on whether ETH is within its jurisdiction, developments in recent months have led the crypto industry to assume that ETH is de facto considered a commodity.

📣 Benham requested regulatory authority that explicitly requires the CFTC to disclose the nature of commodity-based tokens. How do you think this will affect the crypto market? We are waiting your comments! 💬👇