On Thursday, Consensys — the company behind MetaMask — filed a lawsuit against the Securities and Exchange Commission and its Chair, Gary Gensler. 

There was a lot to digest in the 34-page complaint, which revealed that the SEC is looking into ether’s status and whether or not it should be considered a security. 

However, another newly revealed detail was hidden in the complaint: The SEC served Consensys with a Wells Notice earlier this month. The Notice tells the receiver that the regulator is looking to bring an enforcement action against them, and outlines what the charges could be. 

“This is just the latest example of aggressive SEC regulatory overreach into sectors far…

Read more on Blockworks