ConsenSys’ head of litigation Laura Brookover has announced that the company will continue to file a lawsuit against the U.S. Securities and Exchange Commission (SEC) as she believes the fight for regulatory clarity around digital assets is not over.

Strive for clarity in digital asset regulation and confirmation of the legality of pledges

In an interview with CNBC on June 21, Brookover pointed out that although the SEC has concluded its investigation into Ethereum 2.0, it has not given clear regulatory guidance on Ethereum’s classification. She stressed that ConsenSys will spare no effort to fight for regulatory clarity in the digital asset space.

Brookover also mentioned that the SEC is currently conducting two investigations into Consensys, which are intended to determine whether Consensys violated securities laws through the exchange and staking functions of its MetaMask wallet. And the SEC has issued Wells notices to Consensys on these two issues, indicating that the regulator intends to take enforcement action.

"Our next course of action is to continue our legal battle to obtain the legal remedies we seek in our lawsuit," Brookover said.

ConsenSys is aiming to obtain a clear court ruling that the exchange and staking features in its MetaMask wallet are legal and do not violate securities regulations, which is consistent with the company's position in the lawsuit filed in April that its products comply with existing laws.

Dissatisfied with SEC's end of investigation, seeking clearer regulatory guidance

Laura Brookover, head of litigation at Consensys, expressed dissatisfaction with the SEC's conclusion of its investigation into the Ethereum protocol, noting that the investigation, while concluded, did not provide the company with the clear regulatory guidance it was seeking legally. On June 18, the SEC notified Consensys in a letter that it had concluded its investigation into whether ETH constituted a security asset, but the letter did not provide any conclusive opinion on ETH's classification. $ETH

Brookover emphasized that the SEC's decision only indicated that no charges would be filed against Consensys, but did not specify the specific reasons for the end of the investigation, nor did it clarify the regulatory status of ETH, such as whether ETH is considered a commodity rather than a security. She believes that such a conclusion is "far from enough" and suspects that the SEC's termination of the investigation may be due to pressure from Congress and other industry members.

In addition, Brookover mentioned the SEC's approval of the modification of the Ethereum ETF spot rules on May 23, suggesting that this may be a signal of the SEC's position on ETH. At the same time, she also criticized the SEC's regulatory approach, believing that it should formulate clear regulations so that companies can clearly understand whether their actions are legal.

Brookover said that currently the company can only wait for the oral arguments during the enforcement action to understand the SEC's position. She believes that this approach is not suitable for regulating the cryptocurrency industry and calls on the SEC to take a more cooperative approach with the industry to promote healthy development and innovation. #Consensys #SEC #以太坊ETF #诉讼

Conclusion

Led by Laura Brookover, Consensys expressed dissatisfaction with the SEC's ambiguous stance on Ethereum and demonstrated the company's firm pursuit of regulatory clarity in the digital asset space. Through legal means, Consensys seeks to establish the legal status of its MetaMask wallet's staking function and urges the SEC to adopt a more open and collaborative regulatory policy.

This move not only highlights the urgent need for clear regulatory guidance in the cryptocurrency industry, but also shows the key role of such clarity in the healthy growth of the entire industry. I believe that with the continuous progress of the cryptocurrency industry and the industry's expectation that regulators can work closely with the industry, the industry will eventually jointly create a regulatory atmosphere that is both clear and encourages innovation.