The SEC released an official statement regarding a lawsuit against Consensys
According to Gurbir Grave, director of the Securities and Exchange Commission's (SEC) Division of Enforcement, the company collected hundreds of millions of dollars in fees as an unregistered broker and engaged in unregistered offers and sales of tens of thousands of securities.
He claims that this is how Consensys directly entered the US securities markets, depriving investors of the protections afforded by federal securities laws.
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SEC Sues ConsenSys Over MetaMask Crypto WalletThe message also reads:
As evidenced by this enforcement action, we continue to hold accountable participants who do not comply with the laws in this area, as we do throughout the securities market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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