CFTC: Digital assets such as Bitcoin, Ethereum, and Litecoin have been identified as commodities, not securities.

According to a lawsuit filed by the US Commodity Futures Trading Commission (CFTC) on March 27th, digital assets such as Bitcoin, Ethereum, and Litecoin are considered commodities rather than securities. However, certain digital assets are defined as virtual currencies that can serve as a representation of value and can be used as a medium of exchange, a unit of account, or a store of value. These assets can also be derivatives of commodities, other fiat currencies, or financial instruments. Therefore, further investigation and clarification may be necessary depending on the specific circumstances.