Consensys, a prominent blockchain software technology company, has requested that the U.S. Securities and Exchange Commission (SEC) acknowledges the sophisticated safeguards embedded in Ethereum's design. This request was made in response to the SEC's solicitation of comments regarding Ethereum ETF applications.

As part of the application process, the SEC sought input on whether Ethereum's Proof of Stake (PoS) mechanism introduces any specific concerns related to fraud and manipulation that require consideration. Consensys asserted that these concerns lack validity.

In a published letter, the blockchain company detailed how Ethereum's PoS implementation not only meets but surpasses the security level provided by Bitcoin's Proof of Work (PoW). Consensys highlighted that the SEC has already approved Bitcoin-based ETFs relying on PoW for trading.

Within the comment letter, Consensys emphasized that ...

The article can be found on Coin Edition's website.