Consensys gets a Wells notice over MetaMask Swaps and Staking (Patreon)

Consensys got a Wells notice of impending enforcement action from the SEC on April 10. The SEC thinks Consensys is operating as an unregistered broker-dealer by making money on the MetaMask Swaps and MetaMask Staking products.

So Consensys is preemptively suing the SEC first!

We’re not lawyers ourselves, but the expensive lawyers who wrote this complaint seem only to have been able to find the crayons that day.

This one is over at Amy’s.

Image: Joe Lubin and the Ethereum team in 2014.