<ul><li>ConsenSys, a major Ethereum blockchain supporter, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) in a Texas federal court.</li><li>The lawsuit aims to prevent the SEC from investigating Ethereum and MetaMask, ConsenSys’ popular cryptocurrency wallet.</li><li>ConsenSys argues that treating ETH as a security would “crush the innovation and use of Ethereum in the U.S.” and cause significant harm to the broader blockchain landscape.</li><li>The lawsuit accuses the SEC of an “unlawful seizure of authority” over Ethereum and argues that the agency’s actions would violate ConsenSys’ Fifth Amendment rights and the Administrative Procedures Act.</li></ul>

ConsenSys Takes on the SEC: Demands Ethereum be Recognized as Non-Security

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