ConsenSys submitted a review letter to the US SEC advocating approval of spot Ethereum ETFs
2024-03-30 01:41:12
Ethereum infrastructure provider ConsenSys has submitted a review letter to the US Securities and Exchange Commission advocating approval of spot Ethereum ETFs. The letter refutes the concerns of the US Securities and Exchange Commission regarding potential fraud and manipulation, as well as concerns about the design of the Ethereum equity certificate consensus. ConsenSys emphasizes that Ethereum's security is superior to frameworks that support existing Bitcoin ETFs. The letter emphasized Ethereum's fast block termination, distributed verification process, high attack costs, reduced penalties, and environmental benefits.
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