The Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), Gurbir Grave, stated that the company charged hundreds of millions of dollars as an unregistered broker and engaged in the unregistered issuance and sale of tens of thousands of securities. He alleges that this is how ConsenSys directly entered the U.S. securities market, depriving investors of protections afforded by federal securities laws.
Read more:
SEC Files Lawsuit Against ConsenSys Over MetaMask Crypto Wallet
The announcement further stated:
“As demonstrated by this enforcement action, we will continue to hold accountable participants who fail to comply with the laws in this space, as we do throughout the securities markets.”
U.S. Securities and Exchange Commission issues formal statement on legal case against ConsenSys
@Consensys
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Read the statement
pic.twitter.com/RTEDJCJY6y
— CoinGape (@CoinGapeMedia)
July 1, 2024
