ConsenSys Sues the SEC
27
Apr, 2024

ConsenSys Sues the SEC

The nature of cryptocurrencies is the major issue around US SEC and how they behave against them and how they will help investors not to lose money from their portfolios.

 

In those terms, the SEC announced that Ethereum is not a security or a financial asset, so it cannot be included in the SEC’s legislation around stock exchanges and financial markets.

 

For this reason, ConsenSys sued the US SEC to withdraw this decision and lead Ethereum in new paths in the financial markets.

 

The answer from SEC was that it will start researching the services in the MetaMask platform, which is used for swapping ethers in other cryptos or NFTs.

 

After this legal fight, we wait to see new movements around Ethereum and how it will enter the official financial markets…….

 

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