Blockchain software company Consensys on Thursday announced it is suing the U.S. Securities and Exchange Commission (SEC) in a lawsuit aimed at ensuring Ethereum's status as a non-security. The lawsuit, filed in the Northern District of Texas, comes amid ongoing regulatory uncertainty surrounding the world's second-largest blockchain platform.
Crypto firm Consensys said on Thursday it had filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) tied to the regulation of the Ethereum blockchain.
Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator.
The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S.
Consensys, the company behind MetaMask, filed a lawsuit against the Securities and Exchange Commission in a Texas court on Thursday.
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