Ripple's Chief Technology Officer David Schwartz recently expressed support for Consensys in a lawsuit brought against them by the U.S.
Securities and Exchange Commission (SEC), according to BlockBeats. Drawing parallels with luxury diamond company DeBeer, Schwartz argued that Consensys' product MetaMask operates without profit motives.
He further elaborated on investment concepts related to MetaMask, asserting that its profits result from market conditions and user activities rather than Consensys' efforts.
Schwartz also contended that tokens managed by smart contracts cannot unify all token holders into a collective enterprise when comparing tokens and securities.
