In a recent news article, Fox Business Channel reporter Eleanor Terrett revealed the official statement from Consensys regarding the SEC enforcement action.
Consensys stated, “Consensys fully anticipated that the SEC would follow through with its enforcement threat, claiming that our MetaMask software must be registered as a securities broker. The SEC has been pushing its anti-cryptocurrency agenda primarily through temporary enforcement actions.
This is just the latest example of their regulatory overreach – a transparent attempt to redefine established legal standards and expand the SEC’s jurisdiction through litigation. We firmly believe that the SEC has not been granted the authority to regulate software interfaces like MetaMask.
We will continue to vigorously seek resolution to these issues in Texas, as it is not only important for our company but also for the future success of web3.”
Tags:
ConsenSys
SEC
Litigation
Source link:
https://x.com/EleanorTerrett/status/1806744886785323465
Note: All articles on BitPush News only represent the author’s opinion and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6911457
Related news:
SEC Investigation into ETF 2.0 Sparks Debate Among Lawyers
Bankless: Major Progress in the Crypto Industry in the First Half of 2024
Self-Portrait: Two Years of a Chinese DAO on the Verge of Depletion, How Did It Survive?
Wu Shuo’s Selection: Certik and Kraken Controversy, German Government Selling Coins, SEC Concludes ETH 2.0 Investigation, and Top 10 News
Bull Market Gone? Don’t Panic, These Storylines for the Second Half of 2024 Are Still Worth Anticipating