Tag: Consensys

Consensys is a blockchain technology company that focuses on developing software and infrastructure for the Ethereum blockchain. Founded in 2014 by Joseph Lubin, one of the co-founders of Ethereum, Consensys aims to promote and facilitate the growth of decentralized applications (dApps) and services within the Ethereum ecosystem. The company works on a variety of projects, including tools for developers, enterprise solutions, and initiatives to foster community engagement and education around blockchain technology. Consensys also collaborates with businesses and governments to help implement blockchain solutions that can improve efficiency and transparency across various sectors.

A high-definition, realistic image portraying a metaphorical representation of a financial regulatory authority taking legal action against a blockchain technology company over alleged unregistered broker activities. The scene might feature a balanced scale, symbolising law and justice, a hammer, symbolising judicial authority and a digital touch by incorporating elements of cryptocurrency and blockchain.

SEC Takes Legal Action Against Consensys Over Unregistered Broker Activities

29 June 2024Quincy Bartstow

The U.S. Securities and Exchange Commission is in a legal confrontation with blockchain technology company Consensys. The heart of the dispute lies in allegations that Consensys’s MetaMask wallet has been operating illegally as a securities broker without proper registration. The SEC claims Consensys has repeatedly transgressed federal securities laws since October 2020 by using its […]

A high-definition, realistic scene depicting a courthouse with a prominent sign mentioning a regulatory body commencing legal actions against a non-compliant technology venture for unregistered operations. The scene should portray a sense of urgency and major consequence.

SEC Pursues Legal Action Against Consensys for Unregistered Operations

29 June 2024Quincy Bartstow

SEC Accuses Consensys of Regulatory Non-Compliance The U.S. Securities and Exchange Commission has initiated a lawsuit against blockchain company Consensys. The regulatory body alleges that Consensys failed to adhere to federal laws by not registering its MetaMask swaps service as a brokerage and neglecting to register the offering and sales of particular securities tied to […]