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Showing posts with the label <br> 1. #Consensys 2. #Ethereum 3. #MetaMask 4. #DeFi 5. #NFTs 6. #SEC 7. #CryptoCommunity 8. #BlockchainRegulation

SEC Sues Consensys Over MetaMask Ethereum Staking Service

What is Consensys? Consensys is a global blockchain software company founded by Ethereum co-founder Joseph Lubin. It provides a variety of services such as consultancy, education, and software development for the Ethereum ecosystem. The Rise of MetaMask MetaMask is an Ethereum wallet and browser extension that allows users to interact with decentralized applications (DApps) on the Ethereum blockchain. It has gained popularity in recent years as more people have started using DApps for various purposes, such as decentralized finance (DeFi) and non-fungible tokens (NFTs). Enforcement Action by the SEC According to reports, the US Securities and Exchange Commission (SEC) has sent a Wells notice to Consensys, informing them of potential legal action against MetaMask. The Wells notice is a warning that the SEC is considering taking enforcement action against a company or individual. What Does This Mean for MetaMask? The news of a potential enforcement action against Consensys h...