ConsenSys submits comment letter to U.S. SEC advocating approval of spot Ethereum ETF
Golden Finance reported that Ethereum infrastructure provider ConsenSys submitted a comment letter to the U.S. Securities and Exchange Commission advocating for the approval of a spot Ethereum ETF. The letter countered the SEC’s concerns about potential fraud and manipulation, as well as concerns about Ethereum’s proof-of-stake consensus design. ConsenSys emphasizes that Ethereum’s security is superior to the framework supporting existing Bitcoin ETFs. The letter highlights Ethereum’s fast block finalization, distributed verification process, high attack costs, reduced penalties, and environmental benefits. The deadline for the SEC to make a decision on VanEck’s spot Ethereum ETF application is May 23.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ahead of the UK interest rate decision, the central bank governor downplays inflation threat: secondary effects remain "relatively moderate".
With the Bank of England's interest rate decision approaching on September 17, Governor Bailey stated at the Jackson Hole Symposium that the labor market remains persistently weak and that second-round inflation effects are moderate, saying, "We can continue to observe this situation." At the symposium, MPC member Mann, who supported a rate hike in July, warned that the spillover effects from the US and the rising dominance of the US dollar pose potential shocks to the transmission of the UK's monetary policy. The market has already priced in a 25 basis point rate hike by the UK this year, with bets on another hike next spring.
Uniswap sweeps short liquidations near $5 — What next?
AsiaBaseMetals shifts to semi-annual financial reporting under CSA exemption
TrustBIX FY26 Q3 net loss narrows to $172,321; revenue rises to $16,000
Crypto prices
More
