Consensys recently responded to an inquiry by the United States Securities and Exchange Commission (SEC) regarding concerns about the potential for fraud and manipulation within Ethereum’s proof-of-stake (PoS) system, especially in relation to spot Ether exchange-traded funds (ETFs). In a comment letter to the SEC, Consensys, a leading blockchain and Web3 software development firm known for creating the MetaMask wallet, argued that the worries about fraud and manipulation are unfounded. The company elaborated on its position in a blog post, asserting, “In fact, Ethereum’s PoS implementation meets and even exceeds the security of Bitcoin’s proof-of-work (PoW), which underlies Bitcoin-based ETFs
