🚀Hey, BTC enthusiasts!🚀 The U.S. Securities and Exchange Commission (SEC) is back in the crypto headlines, this time targeting Ethereum infrastructure provider Consensys. The SEC alleges that Consensys failed to register key services within its MetaMask software wallet. 🙀

💼The SEC's lawsuit comes hot on the heels of a Wells notice issued to Consensys two months ago, indicating the agency's intent to sue over the popular Ethereum wallet. The wallet, according to its website, is trusted by over 100 million users worldwide. 🌍

🔍The SEC claims that Consensys engaged in the "unregistered offer and sale of securities" through its MetaMask Staking service. This includes "tens of thousands of unregistered securities" on behalf of both Lido and Rocketpool. The MetaMask Staking and MetaMask Swaps services allegedly made the company an "unregistered broker" by providing investment info on crypto assets, facilitating trades, and collecting "hundreds of millions of dollars in fees as an unregistered broker." 😱

🔔Earlier this week, the SEC closed its investigation into Consensys regarding Ethereum 2.0 and its potential status as an unregistered security. However, the crypto giant's fight hasn't ended. Consensys had pre-emptively sued the SEC seeking a court declaration that its staking and swap services do not violate securities laws. 🥊

👀This isn't the first time the SEC has targeted crypto companies. Uniswap Labs and Coinbase have also been in the SEC's crosshairs for similar reasons. Consensys, however, has called the SEC's lawsuit "the latest example of its regulatory overreach." 🚧

Stay tuned, crypto fans! The future of web3 is at stake! 🚀🌕