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Заголовок Texas Court Dismisses Consensys’ Lawsuit Against SEC
Дата 20240920

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============= Обработанный текст:
Texas Court Dismisses Consensys Lawsuit Against SEC

Texas Court Dismisses Consensys Lawsuit Against SEC

Author: Wayne Jones

Last Updated Sep 20, 2024 @ 13:59

Judge throws out Consensys lawsuit against the SEC over Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, but
the MetaMask issue remains unresolved.

A Texas federal judge has dismissed a lawsuit filed by blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
development
company Consensys against the U.S. Securities and Exchange Commission (SEC)
and its Chair, Gary Gensler, along with other commissioners.

The lawsuit revolved around the SEC s investigations into Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum)
and its issuance of a Wells Notice regarding MetaMask, a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта wallet
developed by Consensys.

The Judge’s Ruling

The case began when Consensys filed a complaint challenging the SEC s
inquiry into its Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum transactions and certain functionalities of the
MetaMask crypto wallet. The regulator’s probe, which started in April 2022,
eventually led to a Wells Notice in April 2024, signaling potential
enforcement actions against the blockchain company for violations of federal
securities laws.

Consensys then filed a lawsuit seeking a court ruling declaring that ETH is
not a security and that its asset transactions did not qualify as sales of
securities.

However, in his September 19 ruling, Judge Reed O’Connor determined that the
claims about the SEC’s investigation into Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum were “moot” since Consensys
had indicated in July that the agency had stopped its inquest after approving
spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs in May.

In response to the ruling, the software firm stated in a post on X,
“Unfortunately, the Texas court today dismissed our lawsuit on procedural
grounds without looking at the merits of our claims against the SEC.”

The company also said that the regulator dropped itsEthereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum 2.0’
investigation after the litigation was filed, and the Texas court recognized
that they had already provided Consensys with the relief it sought on that
“critical issue for the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ecosystem.”

It also expressed its commitment tokeep fighting” for the rights of
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
developers in the U.S., hinting at plans to contest the SEC s
actions in Brooklyn.

MetaMask Investigation Continues

Even after electing not to institute enforcement actions against Consensys
regarding the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum issue, the SEC did initiate a case against the company
for its MetaMask Staking and Swaps service. The regulator claimed that the
functionalities violated federal securities laws.

This aspect of the case remains unresolved. In his ruling, Judge O’Connor
found that the issue was not ready for judgment, mainly because the SEC had
not taken final agency action. He also noted that further factual developments
are needed before judicial review can proceed.

Because plaintiff has not identified final agency action that would render the
claim
fit for judicial review and because withholding consideration subjects
plaintiff to scant, if any, hardship, the claim lacks a ripe case or
controversy.

He added that the Wells Notice “neither marks the consummation of the
agency’s” decision-making process nor establishes the plaintiff’s legal rights
or obligations, highlighting that it does not “impose legal consequences” on
the firm.

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Tags: ConsenSys Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum SEC

============= Итог: 7,1320 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Ethereum 7,1320 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Криптовалюта 6,9311 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Блокчейн


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