According to Odaily, ETF analyst James Seyffart has urged for a Freedom of Information Act (FOIA) request regarding the SEC's approval of a spot Ethereum ETF. In an interview on June 5, Seyffart suggested that the public request should search for 'emails, phone calls, and anyone who has spoken with SEC Chairman Gary Gensler' to determine what occurred during the SEC's decision-making process.
He indicated that there might be unused denial orders due to the rapid changes in the agency's stance. Furthermore, Seyffart believes that while the U.S. SEC should not be completely apolitical, it should be less political than it currently is. This call for transparency in the SEC's decision-making process highlights the need for clear and open communication in the financial regulatory landscape.