SEC Sues Consensys over MetaMask staking service

The #SEC has filed a lawsuit against #Consensys , accusing the #Ethereum software firm of acting as an unregistered broker for crypto asset securities through its #MetaMask Staking service. Consensys allegedly collected over $250 million in fees since January 2023 from unregistered staking programs. The legal action follows recent regulatory developments and a Supreme Court decision affecting federal agency powers. Consensys has contested the SEC's jurisdiction, arguing against its authority to regulate interfaces like MetaMask.