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Market
Impact on MetaMask's US operations by end of 2025
5
Resolution / Starting Odds
Operations continue unchanged • 25%
Operations limited by new regulations • 25%
Complete halt of US operations • 25%
MetaMask registers as a broker-dealer • 25%
Public announcements from ConsenSys, regulatory updates, or legal documents
Story
SEC Issues Wells Notice to ConsenSys on April 25, Alleges MetaMask as Unlicensed Broker
Apr 26, 2024, 08:29 PM
On April 25, 2024, the U.S. Securities and Exchange Commission (SEC) issued a Wells Notice to ConsenSys, alleging that its product MetaMask is operating as an unlicensed broker dealer. In response, ConsenSys has filed a complaint against the SEC, naming Chairman Gary Gensler, the four other Commissioners, and the SEC itself as defendants. The complaint, represented by Wachtell Lipton law firm, accuses the SEC of exceeding its statutory authority. This legal action by ConsenSys follows similar patterns seen in other SEC cases, such as the one involving Coinbase, which is also represented by Wachtell Lipton.
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Similar markets
US • 33%
UK • 33%
Both • 34%
Enhanced security measures • 33%
Lower fees • 33%
Higher rewards • 34%
New regulations introduced • 50%
No significant changes • 50%
Increase in Retail Activity • 25%
Decrease in Retail Activity • 25%
No Significant Change • 25%
Retail Investor Exit • 25%
Increase in regulatory actions • 25%
No significant change • 25%
Decrease in such services • 25%
New compliance measures introduced • 25%
No further action • 25%
Minor fines or penalties • 25%
Major fines or restructuring required • 25%
License revocation or major sanctions • 25%
Stricter regulations • 33%
No change in regulations • 33%
Reduced regulations • 34%
New regulations introduced • 33%
Existing regulations enforced more strictly • 33%
No change in regulations • 34%