Consensys, founded by Joe Lubin and a key player in the cryptocurrency industry, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) in a Texas federal court. This legal challenge arises from the SEC's recent classification of Ethereum (ETH) as a security, a shift from its previously more lenient stance. The lawsuit seeks a declaratory judgment to confirm that Ethereum is not a security and that Consensys has not violated federal securities laws with its MetaMask wallet software, which the SEC claims was operating as an unlicensed brokerage. This case could significantly influence the regulatory framework for cryptocurrencies in the United States.
🚨NEW: @FinancialCmte cap markets subcommittee is holding a hearing next week on @SECGov’s enforcement. Great opportunity for members to highlight arbitrary and unjustified enforcement actions. Would imagine the agency’s regulation by enforcement framework will be on the top of… https://t.co/oHaYBscAua
🚨NEW: @FinancialCmte cap markets subcommittee is holding a hearing next week on @SECGov’s enforcement Great opportunity for members to highlight arbitrary and unjustified enforcement actions. Would imagine the agency’s regulation by enforcement framework will be on the top of… https://t.co/ZetBn7lo3L
🚨NEW: @FinancialCmte cap markets subcommittee is holding a hearing next week on @SECGov’s enforcement Great opportunity for members to highlight arbitrary and unjustified enforcement actions. Would imagine the failure of the agency’s regulation by enforcement framework will be… https://t.co/VoTaC6sHOI
BREAKING: SEC Chair Gary Gensler knowingly misled Congress when pressed on the classification of #ETH - Congressman Patrick McHenry 🤔
Patrick McHenry: Gary Gensler “ knowingly misled Congress” about #Ethereum https://t.co/ppNS9eE99c
🚨 Recent filings reveal Gary Gensler intentionally misled US lawmakers when asked about the SEC’s classification of Ethereum.
JUST IN: 🇺🇸 Classifying Ethereum as a security contradicts previous statements of the SEC and Chair Gensler - US House Financial Services Committee https://t.co/1to8HLUrVR
JUST IN: US HOUSE FINANCIAL SERVICES SAYS “CLASSIFYING $ETH AS A SECURITY CONTRADICTS PREVIOUS STATEMENTS OF THR SEC & CHAIR GENSLER”
JUST IN: 🇺🇸 US House Financial Services says "classifying #ETH as a security contradicts previous statements of the SEC and Chair Gensler."
🚨“CHAIR GENSLER HIMSELF MISLED CONGRESS” SAYS US CONGRESSMAN🚨 “Chair Gary Gensler knowingly misled Congress when pressed on the classification of #ETH" - The Chair of the United States House Financial Services Committee, @PatrickMcHenry, today published a statement featuring… https://t.co/pfdkxaiyWe https://t.co/7UFJJ8ybId
🚨BREAKING: US CONGRESSMAN SAYS GARY GENSLER "KNOWINGLY MISLED CONGRESS" REGARDING #ETHEREUM
⚠️ @Consensys' lawsuit asserts that the SEC launched an investigation into whether Ethereum comprises a security in March 2023. The SEC then approved nine Ether futures ETFs later that year, suggesting that ETH is not a security 👀 Read More: https://t.co/rKxA27u2ED https://t.co/kgkaBJosMj
Classifying #ETH as a security contradicts previous statements of the SEC and Chair Gensler. Republicans will continue to hold the SEC accountable for its regulatory overreach that is stifling innovation, leaving consumers unprotected, and risking our national security. https://t.co/XohLYtp7EF
#ICYMI: New court filings indicate that @SECGov Chair Gary Gensler knowingly misled Congress when pressed on the classification of #ETH at a @FinancialCmte hearing to conduct oversight of his agency. 📖 Read my full statement 👇 https://t.co/8osMpbY6Iu
SEC HAS BEEN INVESTIGATING ETH’S POTENTIAL STATUS AS A SECURITY FOR OVER A YEAR: CONSENSYS New court filings have disclosed that the SEC has been investigating whether Ethereum should be classified as a security since early 2023. Source: The Block https://t.co/ld2DXiOpv5
This is something we speculated about a month ago in our vid about the SEC vs. ETH. Consensys has now confirmed it. https://t.co/SgXcSYZwAd
The SEC has been investigating Ethereum since 2023 to prove it's a security https://t.co/lfnHGNkjkD
A new court filing claims that the SEC initiated a formal investigation into #ethereum's potential classification as a security more than a year ago. https://t.co/I8DaECwZxn
UPDATE: SEC has been investigating Ethereum's security status since March 2023, possibly overturning previous views that it's not a security. Here are the crucial details #Ethereum #SEC (By: @ComposableD) https://t.co/pgSenIZ6MC
What happened in Crypto in the last 12hrs…? - @MicroStrategy buys another 122 $BTC - $WEN introduces .wen address domains - @Binance founder CZ to be sentenced tomorrow in a Seattle court - Details of @EigenLayer’s $EIGEN token released - $AVAX integrates with Stripe -… https://t.co/hUQgbTpbrQ
🚨NEW: House Financial Services Committee Chairman @PatrickMcHenry told me the following in regards to the unredacted @Consensys filings detailing the @SECGov’s investigation into $ETH: “Just months after a federal judge sanctioned SEC enforcement lawyers for lying to the…
SEC has been investigating Ethereum $ETH for over a year according to a new court document https://t.co/Rb6VMkDDDX
#SEC Launched Formal Investigation Into #Ethereum's Security Status Over a Year Ago, New Court Filing Shows https://t.co/I8DaECwZxn
The #SEC and Gary Gensler treated $ETH as a security 🤔👨💼 Click below for the full report ⬇️⬇️⬇️ https://t.co/uTWfvZ0U2I https://t.co/XanMYNZcWC
Now we know this was @GaryGensler a month after @SECGov had opened its investigation into #ETH (thanks @GenslerFacts) 👇 https://t.co/XTLWn0g8Vs
One of the redactions removed from the @Consensys complaint says the SEC "issu[ed] a [formal] order of investigation designating ETH as a security" on April 13, 2023. IF that word choice {by @Consensys's lawyers) is correct, it would mean the SEC approved futures ETFs based on… https://t.co/tmqxIsf6os
Consensys suing the SEC. They want to force the SEC in court to say these words - Ethereum's not a security. We're bringing @ethereumJoseph on @BanklessHQ Wednesday to lay out the case. The frontline in the war for crypto in America. This time we're going on the offensive.
Consensys Suit Is Pressing The SEC On Ether’s Security Status https://t.co/LHi8bwcPJu https://t.co/SEsE4eBLY0
Just read the formal Consensys filing against the SEC. It could not be more clear. Under Gensler's leadership the SEC has been on a multi-year crusade to misrepresent Ethereum as a security. They don't care about the law. They don't care the facts. They don't care about the… https://t.co/PRtrb72mFR
New court filings show SEC Chair Gensler believed ethereum was a security for at least a year, per FOX.
🚨NEW: I reached out to @GOPMajorityWhip for comment on today’s court filing from @Consensys. He told me: “Last year, Gary Gensler refused to tell Congress if the SEC categorizes ETH as a commodity or a security. Newly released court documents show that the SEC’s enforcement… https://t.co/X4cll49dvG
The @SECGov and @GaryGensler believed $ETH was a security for at least a year, new revelations show. https://t.co/WxLj1AfgGZ
Unredacted parts of Consensys' lawsuit vs. the SEC say the SEC internally issued an order to probe Ethereum 2.0 last April that explicitly called ETH a security (@s_lutz95 / Decrypt) https://t.co/1X6y288sAs 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/vO1haZ6CGe
Consensys filed a lawsuit against the Securities and Exchange Commission. @farokh gives us the TLDR! 👇 https://t.co/fTH6QdnjRo
Newly unredacted portions of a lawsuit filed by Consensys reveal that the SEC classified Ethereum a security last April. Read more: https://t.co/bDJFiyiNV4
What happened this week in the Crypto market. ➡️ https://t.co/YLVtr9WmMn 🔘 New Issues 🔘 The Fight Against the SEC cc: @jdorman81 https://t.co/MaMKt5TWlC
BREAKING: 🇺🇸 SEC has been investigating Ethereum since March 2023, new court docs reveal. https://t.co/3RX81Clme5
April 2023--SEC approves a formal investigation into Ethereum. October 2023--SEC approves 9 $ETH futures ETFs. Is it weird that @GaryGensler approved the ETFs without disclosing to investors that there was a pending investigation into whether $ETH was an unregistered security? https://t.co/rb89rB67bo
I keep posting on the cypto industry's battle with the SEC over whether #Ethereum is a security because: 1. Eth undergirds so much of crypto 2. A definitive ruling on Eth will apply to thousands of other coins 3. the SEC's behavior on this Eth issue is setting a new low for it. https://t.co/LUD3JHOYRG
New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year https://t.co/GCgbjnxzpH
The U.S. SEC and its Chairman, Gary Gensler, have considered Ethereum a security for at least a year https://t.co/tL2dGlSywB
*unredacted* Consensys v. SEC Complaint: https://t.co/AitgV5TSFQ
🚨 Consensys reveals that the SEC has been investigating Ethereum since March 2023
Consensys alleges SEC was considering over a year ago that ether may be a security https://t.co/xLQa9uJQcr
JUST IN: 🇺🇸 SEC has been investigating Ethereum since March 2023, new court filing reveals.
SEC launched its investigation into ETH's status a year ago, unredacted Consensys complaint says https://t.co/EvTWLp8t0o
SEC Has Secretly Considered Ethereum a Security Since 2023, Says Consensys in Unredacted Lawsuit ► https://t.co/anl7BChJ9V https://t.co/anl7BChJ9V
In a newly filed, unredacted version of the Consensys lawsuit against the SEC, a formal investigation order signed by enforcement director Gurbir Grewal from April 2023 seems to indicate that the agency views Ether as a security. Notably, this was before the SEC's lawsuits… https://t.co/wez3cPCHwt
Yet the SEC approved ETH Futures ETF in October of 2023. So Gensler needs to be under oath, explaining why he approved something that he believes was a security and under investigation. Can’t have it both ways. https://t.co/R9imcV5w9P
*CONSENSYS CLAIMS SEC ENFORCEMENT DIRECTOR APPROVED A FORMAL ORDER TO INVESTIGATE ETHEREUM IN MARCH 2023: COURT FILING - THE BLOCK PRO
🚨NEW FILING REVEALS SEC’S VIEW ON $ETH AS A SECURITY…🚨 - Revealed in a complaint against the SEC by @Metamask developer, @Consensys, the SEC and its Chairman, Gary Gensler… “appear to have believed for at least a year that the second largest cryptocurrency, ethereum, is an… https://t.co/DUBeDjPqmU https://t.co/Qe91tFT1Zy
Insiders have known for over a year that the SEC was formally investigating ethereum’s security status https://t.co/HugXrhTmr7
Insiders have known for over a year that the SEC was formally investigating. ethereum’s security status https://t.co/woe7hdEyjt
Insiders have know for over a year that the SEC was formally investigating. ethereum’s security status https://t.co/V4DwdFszBT
Forbes: Consensys lawsuit documents show that the SEC Committee approved the law enforcement investigation into Ethereum 2.0 on April 13, 2023. Gensler hinted that the POS tokens may trigger the Howey test. The SEC asked Consensys to provide more details about its role in the…
BREAKING‼️ SEC Chair Gary Gensler believed Ethereum was a security for at least a year, according to court documents - Fox Business https://t.co/qYI1oJYzRm
🚨BREAKING: SEC'S GARY GENSLER BELIEVED $ETH WAS A SECURITY FOR 'AT LEAST A YEAR' - FOX BUSINESS
Huge scoop via @EleanorTerrett —-New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year | Fox Business https://t.co/flFuch0xeS
🚨BREAKING: New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year https://t.co/TF2jIqxDWs
Weekly Crypto News 📣 👉 News: — Consensys sues SEC over ‘unlawful seizure of authority’ over #Ethereum — Australia’s largest stock exchange could list approved spot #bitcoinETFs by end of 2024 — Stripe brings back crypto payments via $USDC stablecoin 👉 Project Updates: —… https://t.co/QDOdJnqyEX
🚨 Top Blockchain News of the Week: 27th April 2024 🚨 1/5 #Consensys has filed a lawsuit against the #SEC in Texas, challenging the commission's attempt to regulate #Ethereum as a security, which they argue is beyond SEC's statutory jurisdiction.
*SEC SUED OVER ETHEREUM, CRYPTO FIRM ASKS COURT TO STATE TOKEN IS NOT A SECURITY https://t.co/5ToTT28Y5m
JUST IN: Consensys, an Ethereum developer that created the popular MetaMask 🦊 wallet, has filed a suit against the SEC, forcing the agency to clarify its position on whether Ethereum is considered a security. https://t.co/JivjTqF857
CONSENSYS CHALLENGES SEC ON CLASSIFYING ETH AS A SECURITY Consensys has initiated legal action against the SEC, disputing its recent efforts to categorize ETH as a security. The lawsuit, filed in a Texas court, argues that ETH does not meet the traditional criteria of a… https://t.co/O5JaAwNqYy
CONSENSYS SUES SEC OVER REGULATORY OVERREACH The company contends that the SEC's move to classify ETH as a security is a power grab that contradicts previous assertions by the SEC and falls outside its regulatory jurisdiction. Source: Blockworks https://t.co/qsxoJTKox3
Quick rundown on Consensys VS the SEC if you missed it Ethereum developer @Consensys received a Wells notice from the SEC on April 10 The SEC plans to bring an enforcement action against the company for violating securities laws via @MetaMask Consensys filed a lawsuit… https://t.co/eLsZWpZTZG
Consensys Suit Is Pressing The SEC On Ether’s Security Status by @ninabambysheva https://t.co/SmSGzvB1mN
🔥 “It could be catastrophic for crypto in the U.S.” 🚨 @laurabrooksie1 explains why @Consensys is challenging the @SECGov’s stance on #Ethereum. 🎧 Tune in to @Unchained_pod: Spotify 🎧 https://t.co/vAoUZsudNY Apple 🎧 https://t.co/VrQFgVYxJ4 🔗 https://t.co/WF2nCG9Ejj https://t.co/L8mFDhQ7bj
💬 Consensys’s lawsuit discusses former SEC director Bill Hinman’s 2018 speech on ether as one of the main reasons why Ethereum should not be classified a security. 😯 Here’s why, six years later, it is still relevant, according to @laurabrooksie1 🎧 https://t.co/b3vhYSvIzw https://t.co/ssoRKYQSt2
I was quoted in this @CoinDesk article by @DanielGKuhn about the @Consensys lawsuit against the @SECGov. It'll be interesting to see where it goes! https://t.co/Q8E26yAjCw
🗞️ Crypto News Consensys, the Ethereum software company, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). 🔗 https://t.co/kq1t73YnZE #CryptoNews
🔥 “If Gary Gensler gets away with misclassifying ether as a security, it'd be catastrophic for the United States,” says @laurabrooksie1, Senior Counsel & Head of Litigation and Investigations at Consensys. 🧑⚖️ And that’s why they sued the SEC. 🎧 https://t.co/sY5pO0w7UJ https://t.co/AUmwOmOZgT
Consensys sues to stop SEC from ‘seizing control of Ethereum’ and damaging MetaMask https://t.co/3RSMBPTPgt
Cryptocurrency software company Consensys Software Inc. sued the U.S. Securities and Exchange Commission on Thursday in Texas federal court over the agency's treatment of the Ethereum network's ether token as a security. https://t.co/OHGehUcZbC
“The SEC ruled that regardless of what I thought, in 2018 Ethereum had become sufficiently decentralized enough to be called NOT a security.” - Gary Gensler https://t.co/JavzKbVb2k
Consensys is suing the SEC for an “unlawful seizure of authority.” Set your reminders and tune in as we unpack the implications of the lawsuit ⬇️ https://t.co/ShnJvL87fJ
Blockchain company Consensys has filed a lawsuit against the US Securities and Exchange Commission (SEC) for allegedly overreaching in its plans to regulate the Ethereum platform. https://t.co/fPmznJYzXA
ConsenSys says the SEC designated ETH a security but won’t say where https://t.co/80eDwFJ9yz
Consensys’s Lawsuit Against The SEC: Will It End Gensler’s ‘Unlawful Power Grab’? With its lawsuit, @Consensys aims to settle the question of whether staking turned ether into a security, and to hopefully put an end to what it calls the SEC’s “regulatory overreach.” On… https://t.co/DwyUKSvJ8h
💥 Consensys is suing the SEC. @laurabrooksie1, the firm's head of litigation, explains why: 🔥 Is ETH a security? 🛠️ Does staking make ETH a security? 🤔 Is the SEC investigating ETH to find reasons to deny ETH ETFs? https://t.co/7SZpGxcENi
In a bold move, Consensys, the creators of the iconic web3 wallet Metamask, has filed a lawsuit against the SEC. This legal action comes on the heels of the launch of their cutting-edge L2 solution, Linea. As the crypto world watches, @FoxyLinea , a token on the network, has… https://t.co/kPrbVrg9x2
Consensys sues SEC for alleged ‘unlawful’ regulation of Ethereum https://t.co/fPmznJYzXA
Consensys files lawsuit against SEC for their overreach in the regulation of Ethereum https://t.co/zR4WktTzLg
SEC sued over Ethereum, crypto firm asks court to state token is not a security. https://t.co/0Iet8se101
Daily Crypto News 📣 👉 News: — Consensys sues SEC over ‘unlawful seizure of authority’ over Ethereum — SEC charges Texas mining firm and co-founders for $5.6 million fraud scheme — Stripe brings back crypto payments via USDC stablecoin 👉 Project Updates: — Linea LayerZero… https://t.co/jFvsZ6QIwj
🔥 ConsenSys filed a lawsuit against the SEC over its approach to regulating Ethereum. @Consensys claims that the agency has "targeted" the MetaMask wallet software, which allows users to store $ETH and other cryptocurrencies on their own. 🔍 According to company… https://t.co/qbJG83iNxK
The Daily Modern Market Snapshot: Fri 26 Apr Headlines 👉SEC serves MetaMask with Wells Notice and Consensys sues SEC to protect Ethereum From @ethereumJoseph: "Today, Consensys took an important step towards preserving access to ether and by extension the Ethereum blockchain… https://t.co/a6swiFEkVO
Consensys has filed a lawsuit against the SEC and five of its commissioners, including Chair Gary Gensler, over the regulator’s “overreach” and the attempt to classify ether as a security. @tikta_ reports https://t.co/qvG9EGKh7q
Yesterday, we saw how @Consensys filed a lawsuit against the SEC with the aim of safeguarding Ethereum. Consensys is one of the main backers of Ethereum and pretty well-known for developing the very successful @MetaMask, one of first Ethereum wallets. Mist Browser and MetaMask…
Consensys Challenges SEC: A Fight for #Ethereum's Future https://t.co/L2QdcCykmm
.@Consensys filed a lawsuit against the Securities and Exchange Commission. The company wants a federal court to declare that $ETH is not a security. https://t.co/UDrolFITUt https://t.co/1kHupOEjBx https://t.co/JDhlZoSCOj
According to Consensys: " the SEC now claims that ETH is a security subject to SEC regulation." https://t.co/I1QXQX1qPx
Consensys has filed suit against the @SECgov seeking declaratory judgment that $ETH is not a security and that the company has not violated federal securities laws by offering its MetaMask wallet software. https://t.co/LXi90xjNNt
Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum https://t.co/zHKPEuufJo via @coindesk
Consensys has sued the U.S. Securities & Exchange Commission demanding to know whether Ethereum $ETH is being classified as a security https://t.co/pNPD0q3FJT
Crypto firm Consensys sued the SEC over Ethereum regulation. The regulation of the industry has become a contentious issue as the sector's biggest companies allege the SEC does not have jurisdiction on the grounds that crypto tokens are not securities https://t.co/0Kdlu0CJjh https://t.co/MoR56SzzG4
Consensys sues the US SEC over what it calls the "unlawful seizure of authority" over ethereum, after receiving a Wells notice for its MetaMask wallet product (CoinDesk) https://t.co/lILSGkFgjl 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/hUppVNO1on
Consensys, the Ethereum blockchain company founded by Joe Lubin, sued the Securities and Exchange Commission Thursday seeking to head off any coming enforcement action. https://t.co/PTeI3bYQMB
What happened in Crypto in the last 12hrs…? - @Consensys sues SEC in attempt to define whether $ETH is a security or not, after they received a wells notice from SEC that MetaMask was operating as an unlicensed brokerage - FBI warns Americans against using “unregistered… https://t.co/NJsikY8nDj
the SEC must really out of ideas on how to stop Ethereum and DeFi if they are serving @Consensys @MetaMask with a Wells Notice. i’m not a lawyer, but it feels desperate AF combined with recent actions against @Uniswap, and the likely attempt to thwart the ETFs which many issuers…
SEC vs Consensys cont.: After digging into this I found this text - The @SECGov is investigating @Consensys over its Ethereum sales. The @SECGov is using precedent from Blinder Robinson vs SEC 1982 👀 https://t.co/nJppEfc3nv Lawyers please prepare. Hope this helps. More… https://t.co/q7t68FOeIy
After digging into this I found this text - The @SECGov is investigating @Consensys over its Ethereum sales. The @SECGov is using precedent from Blinder Robinson vs SEC 1982 👀 https://t.co/nJppEfc3nv More digging. https://t.co/RYiqZZG9mH
Consensys filed a lawsuit against the U.S. SEC over what it describes as the agency’s illegal attempt to reframe its constitutional authority to include oversight on Ethereum (ETH), crypto’s second-largest decentralized network.
SEC hit Consensys with a Wells notice for Metamask Swaps and Metamask Staking. Consensys's response is to sue the SEC. https://t.co/Qj978spdpS
The SEC suing Consensys saying Metamask is an illegal broker dealer So Joe Lubin's like - hold up. I'm suing you first. Also, we're going to prove in court ETH isn't a security and finally bring clarity to the world. Crypto's going on the offensive. Love to see it. https://t.co/PlhDjR204G
What do you know. This appears to be confirmation that the SEC is investigating sales of ETH by Consensys. https://t.co/kLFh7kA7Y1
Interesting redaction in the @Consensys complaint against the SEC. What is this about? 👇 https://t.co/51Si35kG3m
'#ETH Should Not Be Treated as a Security' — Consensys Sues SEC Over #Ethereum Regulations https://t.co/L2QdcCykmm
Consensys just sued the SEC over ETH This is to try and uno reverse the SEC lawsuit against its Metamask wallet https://t.co/BeZVDo6lI2
Crypto software firm Consensys sued the US Securities and Exchange Commission in an effort to fend off regulation of the Ethereum blockchain https://t.co/Pf3OSkDV9S