ChainCatcher news: According to CoinEdition, Ripple CTO David Schwartz recently expressed support for Consensys in the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the cryptocurrency company Consensys. Schwartz cited the example of luxury diamond company DeBeer, arguing that MetaMask's service is not for profit.
Schwartz further elaborated on the investment concept related to MetaMask, adding that MetaMask’s profits are simply the result of external market conditions and user activity, not Consensys’ efforts. Furthermore, when comparing tokens to securities, he proposed that “tokens governed by smart contracts cannot make all holders a common enterprise.”
