⚔️ SEC Loses Crypto Battle Again

On April 26, Consensys was so tired of the SEC's attacks on crypto that they filed a lawsuit against them.

The goal of ConsenSys was to prove that:
• ETH is not a security
• MetaMask wallet is not a broker
• MetaMask staking services do not violate federal securities laws.

⬇️ Bottom line:

On June 7, the SEC notified ConsenSys that it was ending its investigation into Ethereum 2.0.

A big factor in this case was that the SEC approved the Ethereum ETF, which automatically means that ETH is a commodity or a commodity, not a security.

So now the SEC will not be able to make accusations that the sale of ETH is a securities transaction.

But this is not the end: they are still trying to ensure that MetaMask Swaps and Staking do not violate securities law. The fight continues 💪