The Commodity Futures Trading Commission (CFTC) has recently labeled Ethereum (ETH) as a commodity, sparking discussions and reactions across the cryptocurrency community. This designation comes amid reports of the Securities and Exchange Commission (SEC) investigating Ethereum as a security. The CFTC's stance, highlighted in a complaint against KuCoin for "During the Relevant Period, KuCoin solicited and accepted orders..." in digital assets including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), marks a significant moment in the ongoing jurisdictional debate between the CFTC and SEC over cryptocurrencies. The crypto community has largely reacted positively to this news, seeing it as a bullish sign for Ethereum and other proof of stake Layer 1 native tokens, and hinting at the potential for a spot ETH ETF in the future.