The U.S. Securities and Exchange Commission (SEC) has sued Consensys for selling unregistered securities and engaging in brokerage activities with respect to Metamask and its betting services, triggering a major legal battle.
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The U. S. Securities and Exchange Commission (SEC) has sued Consensys for selling unregistered securities and engaging in brokerage activities with respect to #Metamask and its betting services, triggering a major legal battle.
Consensys is not surprised by this move.
The SEC's charges are identical to those that Wells notified Consensys of earlier this year. Consensys previously reported that the SEC had warned of potential litigation against MetaMask Swaps. The lawsuit is part of the SEC's broader enforcement scheme against large cryptocurrency companies.
Last summer, the SEC sued #Coinbase and #Binance for offering unregistered securities and operating as unregistered brokers and exchanges; the SEC also targeted Coinbase's betting services, which it said
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