Ethereum Developer Consensys Scores Win Against SEC

A Texas judge has granted Consensys's request to expedite making a decision on whether or not the SEC can regulate Metamaska request by Consensys lawyers to make a decision on whether the U.S. Securities and Exchange Commission can regulate the self-custodial MetaMask wallet as a broker-dealer on an expedited basis.

Last month, the formidable regulatory agency dropped its investigation into Ethereum 2.0, meaning that the agency will not allege that the sales of the second-largest cryptocurrency constituted securities transactions. However, the SEC ended up bringing a lawsuit against Consensys during the same month, arguing that the Metamask developer failed to register as a broker.

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