Consensys lawyer: Uniswap class action judge ruled that "Ethereum is a commodity, not a security"

Odaily Planet Daily News ConsenSys lawyer Bill Hughes posted on X that the judge of the US District Court for the Southern District of New York clearly ruled in the class action ruling against Uniswap on August 29 that Ethereum is a commodity, not a security. Hughes added that there was no analysis in the ruling, only conclusions, but argued it was still a fairly clear statement. In addition, the judgment document also implies that Wrapped BTC is a commodity, but does not explicitly state this. Earlier news, the judge of the Southern District Court of New York dismissed a class action against Uniswap and Paradigm, and the plaintiffs tried to make these companies responsible for the "fraudulent tokens" sold on Uniswap AMM. Community members commented that the judge’s dismissal of the class action largely means that protocol developers should not be held liable for wrongdoing by third parties.