{"id":28495,"date":"2024-04-01T06:59:21","date_gmt":"2024-04-01T06:59:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/consensys-pushes-sec-for-ethereum-etf-approval-despite-security-claims\/"},"modified":"2024-04-01T06:59:21","modified_gmt":"2024-04-01T06:59:21","slug":"consensys-pushes-sec-for-ethereum-etf-approval-despite-security-claims","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/consensys-pushes-sec-for-ethereum-etf-approval-despite-security-claims\/","title":{"rendered":"Consensys Pushes SEC for Ethereum ETF Approval Despite Security Claims"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The parent business of one of the top cryptocurrency wallets, MetaMask, Consensys, is urging the Securities and Exchange Commission (SEC) of the United States to <a href=\"https:\/\/igaming.org\/crypto\/coinbase-legal-officer-advocates-for-ethereum-etf-approval\/\">approve Ethereum (ETH) exchange-traded funds (ETFs)<\/a> that are based on spot market trading.<\/p>\n<p>Consensys stressed the security of Ethereum\u2019s proof-of-stake (PoS) consensus process over Bitcoin\u2019s proof-of-work (PoW) method in a recent correspondence with the SEC. The company points to Ethereum\u2019s switch to proof-of-stake (PoS) in 2022 as a noteworthy security advancement.<\/p>\n<p>In response to the SEC\u2019s request for public feedback on Ethereum\u2019s particular fraud and manipulation problems, Consensys provided an explanation. The business maintained that Ethereum\u2019s security mechanism is superior to Bitcoin\u2019s and dismissed the SEC\u2019s worries as baseless.<\/p>\n<h2><strong>Advancing Ethereum\u2019s Case<\/strong><\/h2>\n<p>Consensys contends that Ethereum\u2019s PoS implementation not only matches but surpasses the security provided by Bitcoin\u2019s PoW. Given the SEC\u2019s approval of spot market Bitcoin ETFs earlier in the year, Consensys argues that rejecting Ethereum ETFs on security grounds would be unjustified.<\/p>\n<p>The company underscores Ethereum\u2019s decentralized development community and transparent network as pillars of its robust security framework. It asserts that Ethereum\u2019s design minimizes the risk of fraud and manipulation, making it suitable for ETF listing and trading.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Consensys urges the SEC to acknowledge Ethereum\u2019s advanced security features and approve ETFs based on its technology, citing the success of Bitcoin-based ETPs previously approved by the Commission.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/consensys-pushes-sec-for-ethereum-etf-approval-despite-security-claims\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The parent business of one of the top cryptocurrency wallets, MetaMask, Consensys, is urging the Securities and Exchange Commission (SEC) of the United States to approve Ethereum (ETH) exchange-traded funds (ETFs) that are based on spot market trading. Consensys stressed the security of Ethereum\u2019s proof-of-stake (PoS) [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":28496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28495"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28495"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28496"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}