An Illinois district court has definitively ruled that both Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are commodities under the Commodity Exchange Act, according to Rostin Benham, Chairman of the CFTC.

The court decision, delivered by Judge Mary Rowland, solidifies the CFTC's regulatory authority over these digital assets, settling a longstanding jurisdictional debate with other regulatory bodies.

The ruling arose from a case involving fraud and unregistered securities tied to digital asset investments, affirming that BTC, ETH, and other virtual currencies like OHM and Klima fall within the CFTC's oversight.

Recent developments, including SEC approvals for Ether-based ETFs and the conclusion of investigations into ETH's securities status, further support Ethereum's classification as a commodity in the eyes of regulators.