Crypto News

The SEC's Lawsuit Against Consensys The SEC had filed a lawsuit against Consensys in 2020, accusing the company of conducting an unregistered securities offering. The SEC claimed that Consensys had raised $100 million through the sale of digital tokens, known as "Ether," without properly registering the offering or qualifying for an exemption. Consensys' Response Consensys denied the SEC's allegations and argued that Ether should not be considered a security, but rather a decentralized cryptocurrency. The company also stated that the tokens were not sold as an investment, but rather as a means of access to its software platform, Ethereum. The Outcome After months of legal battles, the SEC has now agreed to drop the lawsuit against Consensys. This decision comes after a recent ruling by a federal judge that stated the SEC did not provide enough evidence to support their claims. As a result, Consensys can continue its opera...