US SEC Issues Wells Notice to ConsenSys Over MetaMask

IconCrypto News Terminal25 Apr, 2024

cryptonews.jpg

US SEC Issues Wells Notice to ConsenSys Over MetaMask

The US Securities and Exchange Commission (SEC) has reportedly issued a Wells notice to ConsenSys, the company behind the popular Ethereum wallet MetaMask. This news comes after ConsenSys previously sued the SEC, arguing that Ethereum is not a security. A Wells notice is a formal notification that the SEC intends to recommend an enforcement action against a company. The SEC has not yet publicly confirmed the issuance of the Wells notice to ConsenSys. ConsenSys is a major player in the Ethereum ecosystem, and MetaMask is one of the most popular wallets for storing and managing ETH and other cryptocurrencies. The SEC's investigation into MetaMask is a sign that the agency is taking a closer look at the crypto industry. Previously on April 25, 2024, Fox Business reporter Eleanor Terrett tweeted that "The US Securities and Exchange Commission appears to have issued a Wells notice to ConsenSys, the developer of the Ethereum (ETH) infrastructure software , over its MetaMask wallet, according to a person familiar with the matter."

Related News