Consensys supports the FTC’s goal of deterring deceptive security claims and improving security outcomes for users. Of course we do, as the provider behind MetaMask, where user security is paramount.
However, parts of the Commission’s framing in the Nomad matter risk (i) discouraging security transparency that currently benefits consumers and (ii) implying prescriptive technical requirements—particularly around “circuit breakers”—that are not industry standard and are not universally effective.
A technology-neutral, outcomes-focused approach would better advance consumer protection while respecting the realities of decentralized system design.