I think it could potentially be both good and bad. Obviously its now labeled as a commodity rather than a currency which is counterproductive to Bitcoin's intended purpose for becoming a global currency- but isn't it that already basically, just without the title?
Well commodities according to the SEC because they want Bitcoin to stay on their radar. There is no need to stick to one point of view, it may not be entirely the same as what is seen from the eyes of Bitcoin users. For crypto users, it doesn't matter that Bitcoin is considered a commodity and the like, because the most important thing is that they are given the freedom to access their holdings without being restricted and prohibited. After all, there is nothing wrong with being a commodity.
According to Wikipedia In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.Doesn't that make sense enough?
The point is not a matter of theory, but rather the functions and benefits of Bitcoin having an output.