📣 Big news, crypto fam! 🎉 An Illinois court has officially declared Bitcoin (BTC) and Ethereum (ETH) as commodities. This ends the long-standing debate between the Commodities and Futures Trading Commission (CFTC) and its sibling agency.

👨‍⚖️ The court's decision reaffirms that both BTC and ETH fall under the Commodity Exchange Act. This ruling was based on a case where a defendant promised investors 15% annual returns in "digital asset commodities" including BTC and ETH.

🔍 While BTC's regulatory status has been clear for a while, ETH's position was a bit murky. The SEC has been dodging the question, but recent developments suggest that ETH is now accepted as a commodity.

🚀 This has opened doors for crypto firms like VanEck to file for a Solana ETF, arguing that SOL is similar to ETH and should also be considered a commodity.

📚 The CFTC Chair has requested Congress to grant the CFTC authority to require disclosures on the structure of commodity-based tokens before they're launched.

What do you think about this development? Share your thoughts below! 👇 #CryptoNews #BTC #ETH #Commodity