The Enforcement Division Director of 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 participated in the unregistered issuance and sale of thousands of securities.
He claims that Consensys has directly entered the U.S. securities markets, depriving investors of the protection provided by federal securities laws.
Read more:
SEC sues ConsenSys over MetaMask cryptocurrency wallet
The statement further reads:
As seen from this enforcement action, we continue to hold accountable participants who do not comply with the laws in this area, as we do in the entire securities market.
US SEC issues official statement regarding law case against
@Consensys
⚖️
Read the statement
pic.twitter.com/RTEDJCJY6y
— 加密新聞 (CoinGape) (@CoinGapeMedia)
July 1, 2024
