The SEC has emerged victorious against Consensys
The U.S. Securities and #exchange Commission has secured a big victory, with Judge Reed O'Connor dismissing the #Consensys lawsuit against the regulatory agency.
As reported by @WISE HAMSTER NEWS , the Ethereum development studio sued the SEC in April, accusing the regulator of trying to expand its jurisdiction by trying to regulate Ether. It was seeking injunctive and declaratory relief. The company wanted to declare that Ether is a non-security while also seeking to shield the #Metamask wallet from the regulator. Consensys CEO #JosephLubin described this as "an important step towards preserving access to ether and by extension the Ethereum blockchain in the U.S."
In June, the SEC notified Consensys that it had closed its investigation into Ethereum 2.0. However, the agency's battle against the Ethereum development studio was far from over. The SEC ended up taking the software development company to court over Metamask's swap and staking services during the same month.
