💩 The SEC has sued MetaMask developer ConsenSys

According to the commission, this wallet is an unregistered broker engaged in offering and selling securities.

💩 The SEC's attention was drawn to the collection of over $250 million in fees generated by ConsenSys' activities.

Earlier, ConsenSys had reported the SEC's investigation into Ethereum had been terminated, but here's the twist!

Important point:

💩 However, the SEC does not oppose Ethereum staking. They even promote it. But they advocate for people to do it themselves rather than through various providers.

There's no threat to Ethereum and its staking. But those promoting such services may face tough times.