The SEC has sued #MetaMask developer "ConsenSys"
According to the commission, this wallet is an unregistered broker engaged in offering and selling #securities.
- The SEC's attention was drawn to the collection of over $250 million in fees generated by ConsenSys' activities.
Earlier, #ConsenSys had reported the SEC's investigation into #Ethereum had been terminated.
- The #SEC does not oppose Ethereum #staking, they even promote it. But they advocate for people to do it themselves rather than through #custodial providers.
There's no direct threat to Ethereum and its staking. But those promoting such services in the U.S. may face tough times.