As Wu said, MetaMask parent company ConsenSys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) advocating for the approval of a spot Ethereum ETF. The letter refuted the SEC’s concerns about potential fraud and manipulation, as well as concerns about the Ethereum proof-of-stake consensus design, emphasizing that Ethereum’s security is superior to previously approved spot Bitcoin ETFs. The letter highlights Ethereum’s advantages due to its fast block finalization, distributed verification process, high attack costs, reduced penalties and environmental benefits.
