Empire Newsletter: Unpacking the Consensys legal salvo

Take it to the courts 

Headlines about yesterday’s legal salvo by Consensys against the SEC focused on what the tech firm’s complaint said about Ethereum. 

But the lawsuit has two major claims: 

Consensys wants a ruling that ETH is not a security and an injunction that says the SEC has to leave it alone when it comes to any ETH-as-a-security-related claims and charges; and  
Consensys wants a ruling that its MetaMask product is not a broker-dealer. 

The complaint further confirmed a few things the industry has been speculating about for months:

The SEC served Consensys several subpoenas in 2023 relating to ETH and the company’s involvement in improvement proposals and… Read more on Blockworks

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