SEC Chair Gary Gensler discussed the ongoing process of approving the first spot Ether ETFs in the U.S., describing it as 'going smoothly' at a Bloomberg conference on June 25. He did not specify a launch date but highlighted the importance of asset managers making full disclosures for effective registration. The SEC has already approved 19b-4 filings from eight ETF bidders as of May 23. Analysts suggest that the approval for trading could happen as early as the first week of July. Gensler also addressed the broader regulatory landscape for crypto securities, emphasizing compliance with existing laws and noting that many crypto tokens are not providing proper disclosure. He refrained from commenting on political implications related to crypto, despite remarks from Donald Trump and Mark Cuban suggesting that SEC policies could influence the upcoming U.S. elections.