đš#CryptoNews: The SEC is taking on Consensys, the Ethereum infrastructure provider, over allegations of unregistered securities sales via its MetaMask software wallet. đ§ł
- The SEC claims Consensys facilitated trades, provided investment info on crypto assets, and collected huge fees as an unregistered broker. đ”ïžââïž
- This comes after the SEC closed its investigation into Consensys regarding Ethereum 2.0, deeming Ethereum a commodity outside of SEC's scope. đïž
- Consensys isn't backing down, having already sued the SEC for a court declaration that its services don't violate securities laws. đȘ
Similar cases have been seen with Uniswap Labs and Coinbase, with mixed results. đ
Consensys calls this a case of regulatory overreach and vows to fight for the future of web3. đŒđ
What's your take on this? Is the SEC overstepping or just doing its job? Let's chat below! đ #DeFi #Web3 #SECvsConsensys