Consensys responds to the lawsuit: as expected, firmly believes that the U.S. SEC has not been granted the authority to regulate MetaMask and others

ChainCatcher news, Fox Business reporter Eleanor Terrett disclosed Consensys's official statement regarding the SEC's enforcement actions, which is as follows:

Consensys fully anticipated that the SEC would continue to follow through on its threats against us, claiming that our MetaMask software interface must register as a securities broker. The SEC has been pursuing an anti-cryptocurrency agenda through temporary enforcement actions.

This is the latest example of its regulatory overreach—an overt attempt to redefine established legal standards and expand the SEC's jurisdiction through litigation. We firmly believe that the SEC has not been granted the authority to regulate software interfaces like MetaMask.

We will continue to actively advance our case in Texas, as this is not only about our company but also about the future success of Web3.