A Texas court dismissed the Consensys lawsuit filed against the SEC.
The court’s move followed the SEC’s decision to drop its probe into Ethereum.
Consensys vowed to continue its fight against the SEC’s autocratic power.
A Texas court has dismissed the lawsuit brought by the blockchain software company Consensys challenging the SEC’s alleged regulatory overreach.
The court’s decision comes after the SEC dropped its investigation into Ethereum earlier this year, dispelling Consensys’ claims that the regulator was attempting to undermine the Ethereum network.
Following the court’s order, Consensys shared an X post stating the court quashed their lawsuit without addressing the substance of their arguments. The platform reiterated its dedication to blockchain, promising to continue fighting for its rights.
In April 2024, Consensys filed a lawsuit to protect the Ethereum ecosystem from the SEC’s regulatory overreach and stand up for the industry that has been subject to the agency’s reckless enforcement agenda.
Unfortunately, the Texas court today dismissed our lawsuit on…
— Consensys (@Consensys) September 19, 2024
Consensys’ Initial Lawsu…
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