Texas Court Dismisses Consensys Lawsuit Against SEC, Gensler Over Ethereum, MetaMask

Sep 19, 2024, 09:15 PM

A Texas court has dismissed the lawsuit filed by Consensys against the U.S. Securities and Exchange Commission (SEC) and its Chair, Gary Gensler. The lawsuit, which was initiated in April 2024, challenged the SEC's categorization of Ethereum (ETH) as a security and accused the agency of regulatory overreach. The dismissal marks the end of a year-long legal battle, during which Consensys aimed to protect the Ethereum ecosystem from what it described as the SEC's reckless enforcement agenda. The court's decision follows the SEC's earlier move to drop its investigation into Ethereum. The lawsuit also included claims related to MetaMask.