Consensys Urges The SEC To Recognize Ethereum’s Advanced Safeguards
- Consensys has asked the SEC to recognize the advanced safeguards inherent in Ethereum’s design.
- The blockchain firm proposed in response to the SEC’s request for comments on ETH ETF.
- According to Consensys, Ethereum’s PoS exceeds the security of Bitcoin’s PoW.
Consensys, a leading blockchain software technology company, has asked the U.S. Securities and Exchange Commission (SEC) to recognize the advanced safeguards inherent in Ethereum’s design. The company proposed this in response to the SEC’s request for comments on the potential approval of Ethereum ETF applications.
In line with the applications, the SEC asked whether Ethereum’s Proof of Stake (PoS) raises “unique concerns” of fraud and manipulation that the agency should consider. Responding to the question, Consensys noted such concerns are wholly without merit.
The blockchain company published a letter explaining how Ethereum’s PoS implementation meets and exceeds the security of Bitcoin’s Proof of Work (PoW). According to Consensys, Bitcoin’s PoW underlies Bitcoin-based ETFs that the SEC has already approved for trading.
In the comment letter, Consensys noted that …
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Consensys Urges The SEC To Recognize Ethereum’s Advanced Safeguards
- Consensys has asked the SEC to recognize the advanced safeguards inherent in Ethereum’s design.
- The blockchain firm proposed in response to the SEC’s request for comments on ETH ETF.
- According to Consensys, Ethereum’s PoS exceeds the security of Bitcoin’s PoW.
Consensys, a leading blockchain software technology company, has asked the U.S. Securities and Exchange Commission (SEC) to recognize the advanced safeguards inherent in Ethereum’s design. The company proposed this in response to the SEC’s request for comments on the potential approval of Ethereum ETF applications.
In line with the applications, the SEC asked whether Ethereum’s Proof of Stake (PoS) raises “unique concerns” of fraud and manipulation that the agency should consider. Responding to the question, Consensys noted such concerns are wholly without merit.
The blockchain company published a letter explaining how Ethereum’s PoS implementation meets and exceeds the security of Bitcoin’s Proof of Work (PoW). According to Consensys, Bitcoin’s PoW underlies Bitcoin-based ETFs that the SEC has already approved for trading.
In the comment letter, Consensys noted that …
The post Consensys Urges The SEC To Recognize Ethereum’s Advanced Safeguards appeared first on Coin Edition.
Read More