If they are considered commodities, doesn't this mean that it might have some changes to how taxes are appled? I think it's going to be a huge mess as laws and court cases are applied to crypto.
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It could although when trading, capital gain taxes are the same on commodities. If you gain on the sale of a barrel of oil (or more likely a futures contract) you have capital gains.
What it does is it hits the SEC (if they are in agreement). Cant be hit as a security if it is a commodity.
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