Consensys CEO Joseph Lubin said the regulatory ruling on ethereum has already been made.
The U.S. Commodity Futures Trading Commission has made it clear on several occasions that they consider ether a commodity, although Commodity and Futures Trading Commission (CFTC) Chairman Rostin Benham agrees that many cryptocurrencies are securities.
But he also believes that the three top assets such as BTC, ETH, and USDT fall under the jurisdiction of the agency as commodities.