🔥 SEC sends 'Wells Notice' to Consensys, the major company supporting Ethereum and the owner of Metamask. A Wells Notice is a notice to a business that #SEC is preparing to file a lawsuit.
#Consensys has said enough and instead of waiting for the SEC to sue, Consensys decided to sue the SEC and ask the court:
1. Ethereum is not a security
2. Ban the SEC from disturbing ETH developers
3. Ruling #MetaMask is not a stock brokerage unit
For those who don't know, Consensys is a blockchain company with more than 1000 employees, has raised more than $725M at a valuation of more than $7B from JPMorgan, SoftBank, UBS,...