Gary Gensler Has Avoided Saying This For Ages, But A New York Court Just Did: Ethereum Is A Commodity
Portfolio Pulse from Mehab Qureshi
A New York court has classified Ethereum (ETH) and Bitcoin (BTC) as commodities, dismissing a lawsuit against Uniswap that claimed it violated U.S. securities laws by operating as an unregistered exchange. The court ruled that the issuers of the 'scam tokens' traded on Uniswap were the true defendants, not Uniswap itself. This ruling comes despite SEC Chief Gary Gensler's avoidance of labeling ETH as a security.
September 01, 2023 | 6:04 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The classification of Bitcoin as a commodity by a New York court may impact its regulatory status and potentially its market dynamics.
The court's decision to classify Bitcoin as a commodity doesn't directly impact its price, but it could influence regulatory decisions and market dynamics in the future.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The classification of Ethereum as a commodity by a New York court may impact its regulatory status and potentially its market dynamics.
The court's decision to classify Ethereum as a commodity doesn't directly impact its price, but it could influence regulatory decisions and market dynamics in the future.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70