SEC Sues ConsenSys Over MetaMask Staking, Broker Allegations
Powered by @unfolded- The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against ConsenSys, the Ethereum software provider, over its MetaMask wallet tool, alleging that it operated as an unregistered broker.
- The SEC also claimed that MetaMask offered an unregistered securities program through its staking service, with the agency alleging that staking services for Lido and Rocket Pool were considered unregistered securities.
- The SEC alleged that ConsenSys collected over $250 million in fees.
- This lawsuit comes after ConsenSys announced that the SEC had ended investigations into the company, although the regulator had warned that enforcement actions could still be brought for other issues.