SEC Sues Consensys Over Unregistered MetaMask Activities Involving Ethereum

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, alleging that the company’s MetaMask wallet operated as an unregistered securities broker. The SEC contends that since October 2020, Consensys has facilitated the trading of crypto asset securities through its MetaMask Swaps service without proper registration. Notably, the SEC claims that Consensys