Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product
nor should it—to regulate global, peer-to-peer computer networks. The SEC's aggressive overreach into commodities, software, and these novel technology platforms is unlawful. https://fortune.com/... Bill Morgan / @belisarius2020 : Consensys received a letter from the SEC on 4 April 2022 from the SEC's Division of Enforcement informing it of an investigation into MetaMask and MetaMask Swaps. In September 2022 it received a letter from the SEC about an investigation into staking protocols on the Ethereum... Eleanor Terrett / @eleanorterrett : 🚨NEW: @Consensys has hired the same Wachtell lawyers @coinbase is using in its battle against the SEC. Wachtell is widely regarded as one of the best litigators in the world. “They certainly didn't cheap out on hiring the best law firm in the U.S,” @AndrewDARMACAP tells me. [image] @vet_x0 : SEC issued Wells Notice to ConsenSys Including that the top ETH Wallet MetaMask is operating an unlicensed broker dealer. Total nonsense but oh boy how the tables turned.. [image] LinkedIn: Brian Naughton : 🚨Well well... I'm beginning to think that Gensler is addicted to litigation in the same way that some people are addicted to plastic surgery... …
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- 🚨Well well... I'm beginning to think that Gensler is addicted to litigation in the same way that some people are addicted to plastic surgery... … Brian Naughton
Discussion
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@iampaulgrewal
@iampaulgrewal
on x
I know ETH is a commodity. You know ETH is a commodity. The CFTC knows ETH is a commodity. It's time for the SEC to admit that it still knows ETH is a commodity too. No more games. Thank you to @Consensys for standing up against the SEC's unlawful expansion of authority.
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@consensys
@consensys
on x
Today, Consensys filed a lawsuit against the Securities and Exchange Commission. The goal behind this is to ensure that Ethereum remains a vibrant and indispensable blockchain platform and to preserve access for the countless developers, market participants, and institutions...
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@ethereumjoseph
Joseph Lubin
on x
Today, Consensys took an important step towards preserving access to ether and by extension the Ethereum blockchain in the U.S. We are suing the SEC and fighting back against its overzealous regulatory overreach. You can find more of my thoughts here: https://consensys.io/......
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@ryansadams
Ryan Sξan Adams
on x
The SEC suing Consensys saying Metamask is an illegal broker dealer So Joe Lubin's like - hold up. I'm suing you first. Also, we're going to prove in court ETH isn't a security and finally bring clarity to the world. Crypto's going on the offensive. Love to see it. [image]
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@givnerariel
@givnerariel
on x
🚨 Consensys is suing the SEC! Where? Texas Federal court. Why? To prevent an impending lawsuit over MetaMask wallet features being an labeled as an unlicensed broker dealer AND to argue that $ETH is not a security. @Consensys might just be the hero we need. [image]
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@consensys
@consensys
on x
The SEC has no authority—nor should it—to regulate global, peer-to-peer computer networks. The SEC's aggressive overreach into commodities, software, and these novel technology platforms is unlawful. https://fortune.com/...
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@belisarius2020
Bill Morgan
on x
Consensys received a letter from the SEC on 4 April 2022 from the SEC's Division of Enforcement informing it of an investigation into MetaMask and MetaMask Swaps. In September 2022 it received a letter from the SEC about an investigation into staking protocols on the Ethereum...
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@eleanorterrett
Eleanor Terrett
on x
🚨NEW: @Consensys has hired the same Wachtell lawyers @coinbase is using in its battle against the SEC. Wachtell is widely regarded as one of the best litigators in the world. “They certainly didn't cheap out on hiring the best law firm in the U.S,” @AndrewDARMACAP tells me. [imag…
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@vet_x0
@vet_x0
on x
SEC issued Wells Notice to ConsenSys Including that the top ETH Wallet MetaMask is operating an unlicensed broker dealer. Total nonsense but oh boy how the tables turned.. [image]