Consensys responds to the lawsuit: As expected, I firmly believe that the SEC has not been granted the authority to supervise MetaMask, etc
Fox Business reporter Eleanor Terrett revealed Consensys' official statement on the SEC's enforcement action, which read as follows: "Consensys fully anticipates that the SEC will continue to fulfill its threat to us, claiming that our MetaMask software interface must be registered as a securities broker. The SEC has been pursuing an anti-cryptocurrency agenda through interim enforcement actions.
This is the latest example of regulatory overreach - a transparent attempt to redefine established legal standards and expand the SEC's jurisdiction through litigation. We firmly believe that the SEC has not been given the authority to regulate software interfaces like MetaMask.
We will continue to aggressively pursue our case in Texas because it is not only about our company, but also about Web3's future success. "