đ¨ **Crypto News Flash: Consensys vs. SEC Update!** đ¨
A federal court in Texas has ruled that Consensys' lawsuit against the SEC is unwarranted. The court decided this because the SEC had already dropped its Ethereum 2.0 investigation earlier this year.
- **Background**: Consensys sued the SEC, claiming overreach and seeking to clarify that Ethereum's ether (ETH) is not a security.
- **Current Status**: The judge noted there's no immediate legal threat to Consensys, making the lawsuit unnecessary.
- **Ongoing Battle**: Despite this, the SEC has charged Consensys over its MetaMask service, alleging it acts as an unregistered securities broker.
What are your thoughts on the SEC's actions? Drop your comments below! đ
