>>16681167
>You always post this
You 'always' post this same reply that shows you don't understand the '15 ruling & rely upon an article that never mentions PoS & assumes ETH is PoW (which it is).
>CTFC already said in 2019 that ETH is commodity.
Again, the article is about ETH being in its current state, PoW, also it even mentions how forks can be considered by some to be a security! PoS is a fork...
>some have mentioned whether this could change if ETH goes full PoS
The SEC use the term 'like BTC' regularly, PoS is not 'like' BTC, its why you like it. PoS is so much closer to a security (which is why the BTC ruling in '15 was so important) than an a commodity. It has a singular source for its creation, its just benefits who ever wins the lottery (quite literally).
What makes it a commodity - the W, the work part. Work has to be done to get the cryptocurrency. Like commodities, work has to be done to extract them.
This is the link you need, BTC is compared to gold, in the fact that its finite & not under the control of 1 government.
https://digitalcommons.law.msu.edu/cgi/viewcontent.cgi?article=1003&context=jbsl
Please check out in the classifications section 'an investment' sections, b. Common Enterprise & c. Solely by the Efforts of Another
The whole PoS is based upon efforts of another, PoS is not 'like BTC', if its based on the efforts of another, your in securities territory.
Also no finetie amount of ETH