Metamask

<ul><li>Consensys faces SEC charges for allegedly trading $250 million in crypto assets, including securities, through MetaMask.</li><li>SEC&#39;s lawsuit targets MetaMask&#39;s Swaps and Staking services, accusing them of facilitating unregistered securities transactions.</li><li>Consensys defends MetaMask as a software interface, challenging SEC jurisdiction over decentralized finance platforms.</li></ul>Eleanor Terrett, a journalist, took to X to <a href="https://x.com/EleanorTerrett/status/1806732114056118471" rel="noopener noreferrer nofollow">report</a> that the Securities and Exchange Commission (SEC) has <a href="https://storage.courtlistener.com/recap/gov.uscourts.nyed.517222/gov.uscourts.nyed.517222.1.0.pdf" rel="noopener noreferrer nofollow">filed</a> charges against Consensys for allegedly violating securities laws through its MetaMask platform. The SEC claims Consensys operated as an unregistered broker dealer, facilitating over 36 million crypto asset transactions, including 5 million involving securities, without proper registration. This activity reportedly generated more than $250 million in transaction fees.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc28rEextWut3vFxcAMTp6eDPTKBTXq-ddQ0SemiZVXXcMLpKPsHPaFY627OTso2NdI9xWsMmNiyBSLh2rLkJbK7CV6j_rN8z9zTSmZnDiry9AAIUx3ALhFoiBpz51-l7aganioKe5QDTs0f2aVqa7k-h4?key&#61;3C2r3lmv3VDa0dpgX51VYg" /><a href="https://cryptotale.org/consensys-wins-sec-closes-ethereum-2-0-investigation-no-enforcement-action/" rel="noopener noreferrer nofollow">Consensys</a>, which received a Wells notice in April, was anticipating these charges by month-end. The SEC&#39;s lawsuit, filed in the Eastern District of New York, alleges Consensys violated registration provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The commission seeks injunctive relief and penalties against the company.<a href="https://cryptotale.org/sec-charges-consensys-over-unregistered-securities-trading-through-metamask/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SEC Charges Consensys Over Unregistered Securities Trading Through MetaMask

CryptoTale

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