Consensys sues the US SEC! Prevent Ethereum from being recognized as a security

According to Fortune Magazine, Consensys, an encryption company whose main product is the Metamask Little Fox Wallet, filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) in a Texas court. According to the legal documents, Consensys claimed that the SEC intended to Ethereum (ETH) tokens are recognized as securities.

Another focus in Consensys’ lawsuit documents is to prevent the SEC from filing a lawsuit against some functions in the Metamask wallet (token exchange, etc.).

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