**Texas Judge Dismisses Consensys’ Lawsuit Against SEC: Ethereum Drama Continues!**

- **Texas Judge Reed O’Connor has just dismissed Consensys’ lawsuit against the SEC and Chairman Gary Gensler.**

- **The lawsuit concerns the SEC’s investigation into Ethereum (ETH) and the issuing of a Wells Notice to MetaMask, Consensys’ crypto wallet.**

- **Consensys challenged the SEC on claims that ETH is not a security and that transactions in the asset do not violate securities laws.**

- **However, the judge ruled that these claims were “moot” because the SEC already dropped its investigation after approving an Ethereum spot ETF in May.**

- **Consensys remains committed to “continuing to fight” for the rights of blockchain developers in the US, possibly even taking the case to Brooklyn.**

- **Meanwhile, the SEC’s investigation into MetaMask Staking and Swaps continues, with the judge stating that the case is not yet ready to be decided.**

What do you think about the drama? Comment below! 😄