Bloomberg ETF analyst: SEC requests Ethereum ETF decision under Freedom of Information Act

In an interview with KITCO, Bloomberg ETF analyst James Seyffart called for a Freedom of Information (FOIA) request regarding the Securities Exchange Commission's (SEC) approval of a spot Ethereum ETF. Seyffart said public requests should search for emails, phone calls, and anyone who has spoken to SEC Chairperson Gary Gensler to determine what happened during the SEC's decision-making process. Due to the rapid shift in the agency's position, there may be unused denial orders.
Seyffart said the SEC approved the spot Ethereum ETF through an authorized authority, a common way but a rare choice for the current issue. Authorization also means that the voting record is unclear. The choice was politically motivated, and unless someone comes forward and shows me hard evidence... it's all political. The main theory is that a member of the Biden administration called Gary Gensler, chairperson of the Securities Exchange Commission, and influenced the agency's decision.