According to Odaily Planet Daily, Joseph Lubin, founder of Consensys, said in Warpcast that any DEGEN tip received will be used to defend the Ethereum ecosystem. Previously, Ethereum infrastructure development company Consensys had filed a lawsuit against the US SEC, accusing it of "illegally seizing power" over Ethereum.
The company seeks a federal court declaration that Ethereum is not a security and that any investigation into ConsenSys based on the idea that Ethereum is a security "would violate" the company's Fifth Amendment rights and the Administrative Procedure Act. At the same time, MetaMask is not a broker under federal law, its staking service does not violate securities laws, and an injunction prohibiting the SEC from investigating or taking enforcement actions related to MetaMask's exchange or staking functions.