According to Wu, Consensys has filed a lawsuit against the SEC and all five of its commissioners, arguing that the SEC should not be allowed to arbitrarily expand its jurisdiction and regulate the future of the Internet by falsely labeling ETH as a security. Consensys hopes that the federal court will declare that ETH is not a security, and any investigation of ConsenSys based on the view that ETH is a security "will violate" the company's Fifth Amendment rights and the Administrative Procedure Act. Consensys revealed in the lawsuit that it received a Wells Notice from the SEC on April 10, accusing MetaMask of operating as an unlicensed broker.