Blockchain infrastructure service provider ConsenSys has filed another response over the claims from the US Securities and Exchange Commission (SEC) that MetaMask is violating Federal laws over its product offerings. The Joe Lubin-led firm revealed that the claims are not what demands advocacy as a general matter. The firm revealed its position on the matter, highlighting confidence in its product.
The ConsenSys v US SEC Brawl – New Realities
Over the past year, the markets regulator has either sent Wells Notices or sued stablecoin firms, exchanges and even Non-Fungible Token (NFT) outfits. Notably, the US SEC initially sued the MetaMask developer in June as it claimed its Swaps and staking services are unlawful.
In its latest filing, ConsenSys said the claims of the markets regulator must fail in order to preserve the future of technology.
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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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By CoinGape
Source: CoinGape
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