The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to ConsenSys, the organization behind the MetaMask cryptocurrency wallet, alleging that MetaMask is operating as an unlicensed broker dealer. This action is part of broader regulatory scrutiny on the blockchain and cryptocurrency sectors, with significant pushback from industry participants. Notably, MetaMask has not issued any tokens yet.
SEC served Consensys a Wells Notice for Metamask and they haven't even issued a token yet. Ridiculous.
The SEC is about to sue MetaMask for “operating as an unlicensed broker dealer” The US gov is conducting a full scale attack on crypto right in front of our eyes https://t.co/3jdyf3SIVH
BREAKING: SEC HAS SERVED @CONSENSYS WITH A WELLS NOTICE ALLEGING METAMASK IS OPERATING AS AN UNLICENSED BROKER DEALER
*SEC SERVED CONSENSYS WITH A WELLS NOTICE AND ALLEGED METAMASK IS OPERATING AS AN UNLICENSED BROKER DEALER: FORTUNE - THE BLOCK PRO
The SEC continues to harm the blockchain industry. Americans are now fighting back. We foreshadow more losses for @GaryGensler in the coming months. https://t.co/NCiMPzbON2