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US SEC sues blockchain software technology company Consensys

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WASHINGTON : The U.S. Securities and Exchange Commission on Friday sued cryptocurrency firm Consensys, alleging it has failed to register as a broker through its MetaMask swaps service.

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo

The regulator said in its complaint, which was filed in U.S. District Court in Brooklyn, New York, that Consensys had collected more than $250 million in fees through"its conduct as an unregistered broker."

 

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