Today I came across this article:
SEC lost the battle against crypto again
On April 26, Consensys became so tired of the SEC's attacks on crypto that they filed a lawsuit against them.
ConsenSys' goal was to prove that:
• ETH is not a security
• MetaMask wallet is not a broker
• MetaMask's staking services do not violate federal securities laws.
And the global goal is to raise such a powerful resonance that everyone will pay attention to the arbitrariness of the SEC and so that the Securities Commission will finally lag behind the Ethereum ecosystem once and for all.
⬇️ As a result:
On June 7, the SEC notified ConsenSys that it had closed its investigation into Ethereum 2.0.
A big role in this case was that the SEC approved the Ethereum ETF, which automatically means that ETH is a commodity money or commodity, and not a security.
So now the SEC will not be able to bring charges that the sale of ETH is a securities transaction.
But these are not the end yet: they are still trying to ensure that MetaMask Swaps and Staking do not violate securities laws. The fight continues.
