According to ChainCatcher, FOX Business reporter Eleanor Terrett followed up on the progress of the digital commodity regulatory hearing held tonight on social platforms.

At the hearing, Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFT), said that an Illinois court had ruled that BTC and ETH are commodities under the Commodity Exchange Act. Behnam also mentioned that 70-80% of the cryptocurrency market does not constitute securities.