According to Yahoo! Finance, CFTC Chairman Heath Tarbert has confirmed that Ethereum is a commodity, not a security, thus mirroring the stance taken by the SEC.
“We've been very clear on bitcoin: bitcoin is a commodity. We haven't said anything about ether—until now.”
Recently, Coinbase, Kraken and other top exchanges formed the Crypto Ratings Council (CRC) that grades digital assets based on their resemblance of a security. Ethereum scored a 2 (out of 5) due to its "decentralized development and usage". Maker, XRP and other coins that are similar to securities got more than a 4.
Tarbert also adds that the CFTC could approve the launch of Ethereum-based derivatives (futures, options, and other beasts) in the nearest future.
As reported by U.Today, derivatives exchange LedgerX had a spat with the CFTC after it delayed the launch of physically-delivered Bitcoin futures, thus allowing Bakkt to be the first in the race. However, the regulator denied that there was any kind of personal animus involved.