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.