SEC Chair Says Ethereum Could be Subjected to Securities Laws Post-Merge

Because of the Ethereum Merge, concerns about the Proof-of-Work consensus appeared. However, many downplayed Bitcoin (BTC) while emphasizing Ethereum’s switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The main crypto process on PoW has been the cause. As a result, information about the energy use of Bitcoin (BTC) throughout the mining process exploded. However, Michael Saylor stepped up to defend the blockchain. Saylor, who recently left as CEO of MicroStrategy, stated

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