Consensys Software issued a statement in response to the SEC's allegations that the company conducted an unregistered securities offering through the Metamask pledge and swap. Consensys believes the SEC's actions are regulatory overreach and has vowed to defend its position in court, highlighting the broader impact on the web3 ecosystem. On Friday, Consensys Software issued a statement in response to the SEC's allegations that it engaged in the offering and sale of unregistered securities through a service called Metamask Staking and operated as an unregistered broker through Metamask Staking and another service called Metamask Swaps.