Ethereum is considered a commodity rather than a security.

[NancyDeep]

Bill Hughes, a lawyer from ConsenSys, expressed on the X platform (formerly Twitter) that a federal district court judge in the Southern District of New York clearly stated in the ruling of the Risely v. Uniswap case on August 29th that Ethereum is considered a commodity, not a security. The document lacked an in-depth analysis of the issue, providing only a conclusion, but the judge's statement was unequivocal.

Furthermore, the judge's document also implied that wrapped BTC is regarded as a commodity, though this point was not explicitly clarified. Nonetheless, the assertion that "Ethereum is a commodity" is undeniable.