SEC Sues ConsenSys Over Alleged Misconduct with MetaMask Crypto Wallet A Formal Inquiry

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against MetaMask, an Ethereum software provider, accusing it of acting as an unregistered broker and issuing and selling securities without proper registration. In addition to the broker allegations, the SEC also accuses MetaMask of operating an unregistered securities program through its staking services. Specifically, the lawsuit filed in the Eastern District of New York states that MetaMask’s Lido and Rocket Pool staking services marketed themselves as investment contracts, classifying them as unregistered securities. Read more:

Breaking News: Coinbase sues SEC and FDIC. According to the SEC, ConsenSys has earned over $25 billion in fees from these activities. Due to unknown reasons, the filing documents on the SEC website are currently inaccessible.