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... …