🚨 Breaking News! The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Ethereum software provider, ConsenSys, alleging that its MetaMask service is an unregistered broker.

The SEC claims that MetaMask has been offering an unregistered securities program through its staking service, specifically for Lido (LDO) and Rocket Pool (RPL).

In addition, the lawsuit alleges that MetaMask Swaps, which allows investors to trade digital assets, has facilitated over 36 million crypto transactions in the past four years, with "at least 5 million" of these transactions being in "crypto asset securities."

The SEC also claims that ConsenSys has collected over $250 million in fees.

This lawsuit comes just weeks after ConsenSys announced that the SEC had ended investigations into the company tied to Ethereum.

What are your thoughts on this development? Let's discuss in the comments below! 💬