According to PANews, Consensys, a blockchain software technology company, has not been charged by the U.S. Securities and Exchange Commission (SEC) for alleged violations related to its MetaMask wallet, which features swap transactions and staking capabilities. This information was shared by Eleanor Terrett, a Fox reporter, on an unnamed platform. Terrett noted that the SEC has not yet taken action against Consensys following a Wells notice issued in April, suggesting that charges could be forthcoming in the next few days or weeks.
Earlier today, Consensys announced that Ethereum has passed the SEC's scrutiny. The SEC will not charge Ethereum's sales as securities transactions. This announcement comes as a relief to the Ethereum community, as it removes the uncertainty surrounding the legal status of Ethereum's sales.