Bitcoin is now considered as commodity ? eth and btc is not a security.

[ishirut009]

SEC, said laltely that bitcoin and ETH is not a security because it is decentralized:
Furthermore, the Goldman Sachs said that Bitcoin is now considered as commodity like GOLD Months ago.

Regarding ICOs, William Hinman [Director, Division of Corporation Finance] also acknowledged that some digital assets could be structured more like a consumer item than a security.

How does this things can affect the price and adoption of cryptocurrencies ?
Is not being a security is a good news ? i am confuse and i know a lot of folks out there needs clarification about this too.

[Queen12]

So this is definitely good news for the market as a whole, because ETH and BTC are not securities.
The fear is that ETH and BTC prices will be too much under US control.

[Red-Apple]

bitcoin was a commodity in US ever since 2013 if i am not mistaken so nothing has changed on that front. the only thing that US is resisting is considering bitcoin as a currency like the other countries that have done it already.

as for ETH the problem is you can't really categorize it as anything. obviously it is not a currency because the  creators say it! it is not a commodity because it doesn't match that description, and with the recent news it is not even a security!