SEC Sues ConsenSys Over MetaMask Unregistered Activity

<h1 class="d-none">SEC Sues ConsenSys Over MetaMask Services</h1> <h2 class="d-none">SEC’s Allegations on MetaMask Unregistered Securities</h2> SEC Sues ConsenSys Over MetaMask Services

The SEC has filed a lawsuit against ConsenSys, alleging unregistered broker activities through MetaMask's Swaps and Staking services.

The SEC claims that MetaMask Swaps operational since 2020, acted as an unregistered broker by facilitating crypto asset exchanges.

Launched in 2023, MetaMask Staking is accused of offering unregistered securities by allowing users to stake crypto assets.

The SEC alleges that ConsenSys collected over $250 million in fees through these unregistered activities.

This lawsuit is part of the SEC’s wider crackdown on crypto, targeting major exchanges like Coinbase, Binance, and Kraken.

As the lawsuit unfolds, it highlights ongoing regulatory challenges and the need for compliance in the crypto industry.

For More English News Click Here Swipe up