Texas court rejects Consensys' lawsuit against SEC
A lawsuit filed by Consensys against the Securities Exchange Commission (SEC) and SEC Chairperson Gary Gensler was rejected in a Texas court on Thursday evening.
Consensys' lawsuit, originally filed in April, contains some bombshell news, including allegations that the SEC has launched an investigation into Ethereum and that regulators have issued wells notices to the company behind MetaMask.
"The enforcement action does not constitute final agency action, and the notice neither marks the completion of the agency's decision-making process nor establishes the plaintiffs' legal rights or obligations," the judge said in Thursday's decision.