PANews June 26 news, according to The Block, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said at the Bloomberg Investment Summit in New York on Tuesday that although the specific timetable is unknown, the approval process for the Ethereum spot ETF is "progressing smoothly." He emphasized that the key is for asset management companies to fully disclose information so that these registration statements can take effect. Gensler also reiterated on Tuesday that most cryptocurrencies are securities and said that there are violations on crypto platforms.