The US has sued Consensys, the parent company of MetaMask, accusing it of unregistered brokerage activities and the sale of securities since 2020. 😮 Consensys allegedly raised over $250 million by offering staking services without proper registration. The SEC is seeking a permanent injunction, civil penalties and other measures against Consensys for these violations.

In addition, the regulator alleges that Consensys acted as an intermediary in unregistered transactions, depriving investors of important protections. This is a developing story and more information will be added as it becomes available.