🔥Hot off the press!🔥 The SEC is suing Ethereum software provider, ConsenSys, over its MetaMask service. Apparently, the wallet tool was playing dress-up as an unregistered broker and selling securities. 😱

MetaMask didn't stop there, folks! It also offered an unregistered securities program through its staking service. The SEC claims it was a secret Santa for Lido (LDO) and Rocket Pool (RPL), suggesting they're also unregistered securities. 🎅

According to the lawsuit, MetaMask Swaps was like a digital matchmaker, letting investors trade digital assets through ConsenSys' software. ConsenSys, being the savvy business it is, collected a fee for these services. 💰

The SEC alleges that these securities include Polygon (MATIC), Mana (MANA), Chiliz (CHZ), the Sandbox (SAND) and Luna (LUNA). Many of these cryptos have already been named in previous SEC suits as being unregistered securities. 🚀

The plot thickens! "In addition to operating as an unregistered broker with respect to MetaMask Swaps, Consensys performs another traditional function of the securities market: offering and selling securities," the lawsuit said.

ConsenSys has reportedly collected over $250 million in fees. That's a lot of dough! 🍞

This all comes just weeks after ConsenSys announced the regulator had ended investigations into the company tied to Ethereum. Talk about a plot twist! 🌀

What's your take on this? Drop your thoughts in the comments! 👇 #DeFi #Web3 #CryptoNews