🚨#CryptoNews: The SEC is taking on Consensys, the Ethereum infrastructure provider, over allegations of unregistered securities sales via its MetaMask software wallet. 🧳

- The SEC claims Consensys facilitated trades, provided investment info on crypto assets, and collected huge fees as an unregistered broker. 🕵️‍♂️

- This comes after the SEC closed its investigation into Consensys regarding Ethereum 2.0, deeming Ethereum a commodity outside of SEC's scope. 🏛️

- Consensys isn't backing down, having already sued the SEC for a court declaration that its services don't violate securities laws. 💪

Similar cases have been seen with Uniswap Labs and Coinbase, with mixed results. 🔄

Consensys calls this a case of regulatory overreach and vows to fight for the future of web3. 💼🌐

What's your take on this? Is the SEC overstepping or just doing its job? Let's chat below! 👇 #DeFi #Web3 #SECvsConsensys