According to Odaily, Consensys has released an official statement in response to enforcement actions by the Securities and Exchange Commission (SEC). The blockchain software technology company anticipates that the SEC will continue its threats against them, insisting that their MetaMask software interface must be registered as a securities broker.
The SEC has been pursuing an anti-cryptocurrency agenda through temporary enforcement actions. This is the latest example of its over-regulation behavior, a transparent attempt to redefine established legal standards through litigation and expand the SEC's jurisdiction. Consensys firmly believes that the SEC has not been granted the power to regulate software like MetaMask.
The company will continue to actively advance their case in Texas, as it not only concerns their company but also the future of Web3. This statement comes amid increasing scrutiny of cryptocurrency and blockchain technology by regulatory bodies.