Odaily News In response to an inquiry about the approval process for an Ethereum spot ETF, Gary Gensler, chairman of the U.S. SEC, said: "I don't know the exact time, but it's going well." He explained that his team is waiting for asset managers to make "appropriate disclosures." Gensler refused to answer reports that his stance on cryptocurrencies could cost Joe Biden, who appointed him, the election. "My first priority is the American public," Gensler said. "They are the clients, so we represent them." (Fortune)