The WSJ reports that the SEC and CFTC are still putting ethereum under the regulatory magnifying glass - at question now is whether the creators of virtual currencies or any entity such as The Ethereum Foundation exerts significant influence over its value, thus deeming it a security.  Both USV and A16Z have written in a proposal seeking broad regulatory exemption. Still, the office thinks at minimum ether's original sale back in 2014 should've been deemed a security.