ConsenSys

The recent escalation by the US SEC follows the dismissal of the Ethereum 2.0 investigation ahead of the spot Ether ETFs listings. The US SEC has lost several cases against crypto tokens led by BNB and XRP but has remained consistent on exchanges violating securities laws. The United States Securities and Exchanges (SEC) filed a lawsuit against Consensys in a federal court in Brooklyn, New York, on Friday over allegations of violating securities laws in its flagship digital wallet dubbed…

The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. SEC Accuses Consensys Of Violating Securities Laws Using Metamask According to the court document, the SEC claims that Consensys has acted “as an unregistered broker of crypto asset securities through its MetaMask Swaps service” since October 2020. The Commission also accused the crypto firm of engaging in the…

The post Staking Under Fire: SEC Sues ConsenSys Over Lido & Rocketpool appeared first on Coinpedia Fintech News The crypto world is reeling after the SEC’s latest move. And yes, it’s brutal. The U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, has recently alleged that prominent decentralized finance (DeFi) projects like Lido and Rocket Pool qualify as securities. This move adds to a growing list of legal actions against major crypto entities, including Uniswap, Kraken, Coinbase, Metamask, and…

Blockchain startup Consensys has predicted that spot Ethereum ETF S-1 registrations will soon be approved. Analysts are projecting a an early July approval timeline for trading to commence. Blockchain software technology company, Consensys has predicted that the SEC could approve S-1 filings for spot Ethereum Exchange Traded Funds (ETFs) in a matter of days. Collin Brown, a renowned blockchain researcher commented that the prediction portends a bullish signal for Ethereum, the second-largest cryptocurrency. Ethereum ETF approval on the horizon! Consensys…

Consensys, a leading Ethereum software company, is pressing forward with its lawsuit against the U.S. Securities and Exchange Commission (SEC), seeking greater regulatory clarity for the cryptocurrency sector, even after the SEC concluded its 14-month investigation into the Ethereum developer.  SEC Investigation Closure The SEC announced the closure of its investigation on June 18, which had scrutinized the buying and selling of Ether during Ethereum's transition to a proof-of-stake consensus mechanism. The investigation, which began on March 28, 2023, also…

Ethereum co-founder and the CEO of Consensys, Joseph Lubin, has hit out at the Securities and Exchange Commission (SEC) for intentionally stifling innovation in the cryptocurrency industry.  Lubin stated the SEC is engaging in strategic enforcement action instead of meaningful discussions with the crypto industry.  SEC Intentionally Stifling Innovation  Lubin made the comments while speaking at FT Live’s Crypto and Digital Asset summit, held in London, and also elaborated on Consensys’s decision to sue the Securities and Exchange Commission after…

The FUD surrounding Ethereum remains incessant.  While on the one side, the XRP army has been accusing the US Securities and Exchange Commission of displaying favouritism towards ETH. On the other hand, the SEC appears poised to not only publicly claim that Ethereum is a security, but also reject spot Ether ETFs in May.  The Ethereum price has impressed the bulls with its resilience as it continues to trade above $3100. However, analysts are cautioning investors regarding the possibility of…

Consensys has filed a lawsuit against the SEC, arguing against its regulatory control over Ethereum amidst concerns of stifled innovation and economic repercussions. Consensys Challenges SEC’s Authority  In a bold legal move, blockchain and web3 software technology company Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), aiming to defend the Ethereum blockchain from what it perceives as excessive regulatory interference. The complaint, lodged in the United States District Court for the Northern District of Texas,…

ConsenSys has initiated legal action against the SEC to challenge the classification of Ethereum as a security. Ethereum’s price could potentially explode to $5,000 amidst legal and regulatory developments. In a significant move within the cryptocurrency realm, Ethereum developer ConsenSys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC). Filed in the District Court for the Northern District of Texas, this legal challenge seeks to prevent the SEC from classifying Ethereum as a security. The case specifically…