According to Odaily Planet Daily, Gary Gensler, chairman of the U.S. SEC, said in response to inquiries about the approval process of the Ethereum spot ETF: "I don't know the exact time, but it's going smoothly." He explained that his team is waiting for asset managers to make "appropriate disclosures." Gensler said: "My first priority is the American public. They are customers, so we represent them."