SEC’s spot Ether ETF concerns unfounded, Consensys asserts

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Consensys highlighted that Ethereum boasts a larger developer community than Bitcoin and operates on a fully transparent and public blockchain.

Consensys addressed the United States Securities and Exchange Commission (SEC)’s inquiry about potential fraud and manipulation risks related to Ethereum’s proof-of-stake system, particularly concerning spot Ether exchange-traded funds (ETFs).

In a comment letter submitted to the regulatory agency, Consensys, the blockchain and Web3 software development company responsible for the popular MetaMask wallet, stated that concerns about fraud and manipulation are baseless.

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