📣Blockchain News Flash! Ripple CTO David Schwartz recently expressed support for the cryptocurrency company Consensys in a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the latter. 💪

Schwartz used the diamond market as an example to argue that MetaMask's efforts are not for profit. He cited the example of luxury diamond company DeBeer, saying that MetaMask's activities do not determine users' profits, just as DeBeer's activities are not profit-centered. 🔷

He further elaborated on the investment concept related to MetaMask, adding that MetaMask's profits are only the result of external market conditions and user activities, not Consensys' efforts. 💡

When comparing tokens and securities, he proposed that "tokens managed by smart contacts cannot make all holders a common enterprise." This view undoubtedly brings new thinking to the blockchain industry. 🤔

Let us look forward to the next development of the blockchain industry together! 🚀