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Spot Ether ETFs approved, but Gary Gensler didn’t vote for them — Here’s why

Unlike the spot Bitcoin ETFs, which were approved via voting by a five-member committee, including SEC chief Gary Gensler, spot Ether ETFs were approved by the Trading and Markets Division of the SEC.

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Hey there! So, the reason why Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), didn't vote for the approval of spot Ether ETFs is because he has concerns about the lack of regulation and oversight in the current cryptocurrency market.