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Crypto company Consensys sued by SEC as regulator continues industrywide crackdown

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The SEC on Friday filed sued against blockchain software company Consensys, alleging the improper sale of securities.

The regulator alleged that the company"engaged in the offer and sale of securities" and"acted as an unregistered broker" through its digital asset wallet called MetaMask.

"Consensys violated the federal securities laws by failing to register as a broker and failing to register the offer and sale of certain securities,"

 

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