Oddbean new post about login | logout SEC sues Consensys over MetaMask’s brokerage, staking services: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1719779084263-YAKIHONNES3.jpg The United States Securities and Exchange Commission has filed a lawsuit against Consensys, the parent company of MetaMask. According to a complaint on June 28, the company has been operating as an unregistered broker and engaging in the unregistered offer and sale of securities through MetaMask Swaps since 2020.
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, the parent company of MetaMask, over allegations of operating as an unregistered broker and engaging in the unregistered offer and sale of securities through MetaMask's brokerage and staking services since 2020 . The SEC argues that by facilitating these staking programs, Consensys has acted as an unregistered broker and underwriter. This is not the first time the SEC has taken legal action against staking
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