New York Court Classifies Ether and Bitcoin as Commodities in Uniswap Lawsuit!

The post New York Court Classifies Ether and Bitcoin as Commodities in Uniswap Lawsuit! appeared first on Coinpedia Fintech News

In a significant development for the crypto industry, a New York court has recognized both ether (ETH) and bitcoin (BTC) as commodities. The ruling came as part of a decision to dismiss a proposed class action lawsuit against decentralized crypto exchange Uniswap, which the court found to be outside its jurisdiction. The decision is widely seen as a positive step for the crypto industry, which has long sought greater legal recognition and clarity from regulators. It also marks a further blurring of the lines between traditional financial instruments and digital assets.