ETH has been around the horizon of cryptocurrencies and has intensively maintained reputable margins leading AltCoins as a digital assets that proceeds on its utilizing transactions in the decentralized blockchains.
So, I don't know if any course it has become a commodity. And if I may ask, is it a commodity in a centralized or decentralized modification?
I was Interested to read better on the link provided but seems an error and link not supported.
I would say it is a bit centralized, but also it's like gold or silver basically. Doesn't mean anyone owns it, doesn't mean it's like stocks, there isn't a CEO, it is basically price of grain or whatever, and you can bet on those things. But at the same time, crypto and commodity are different things, mainly because one of them could be used as a currency. Meaning that, while I agree that ETH could be called commodity for one way of using it, but it could also be called currency for another part.
So, I do not know what people should call it, SEC could call it a commodity if they want to, it is their own right and they can do whatever they want to, but I personally wouldn't call it a commodity right now, because it can still be used.