A Texas federal judge has dismissed Consensys’ lawsuit against the SEC and Chairman Gary Gensler.

- The lawsuit revolves around the SEC’s investigation into Ethereum (ETH) and a Wells notice regarding Consensys’ MetaMask wallet.

- Consensys asked the court to determine that ETH is not a security and that its transactions did not violate federal securities laws.

- Judge Reed O’Connor said that Consensys’ claims were “unenforceable” because the SEC dropped its investigation after approving an Ethereum ETF in May.

- The SEC continues to investigate MetaMask’s Staking and Swaps service.

🔍 Blockchain technology still faces many legal challenges, but its potential is undeniable. 🚀