TechFlow — ConsenSys lawyer Bill Hughes stated on X (formerly Twitter) that in the August 29 ruling in Risely v. Uniswap, a judge from the U.S. District Court for the Southern District of New York clearly indicated Ethereum is a commodity, not a security. The court document provided no analysis on the matter—only a conclusion—but this was nonetheless a fairly explicit statement by the judge.
Additionally, the judicial filing also implied that wrapped BTC is a commodity, though this point was not explicitly stated. However, the assertion that "Ethereum is a commodity" is undeniable.
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