🔥 SEC sends 'Wells Notice' to Consensys, the major company

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Vinh Dao

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🔥 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,...

🔥 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,...