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Will Consensys be fined by SEC by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available court documents and official press releases
Story
SEC Files Lawsuit Against Consensys in Brooklyn Over MetaMask Operations
Jun 28, 2024, 04:54 PM
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, the company behind the popular MetaMask crypto wallet, in federal court in Brooklyn. The SEC alleges that Consensys operated as an unregistered broker-dealer and engaged in the offer and sale of unregistered securities through its MetaMask platform. The complaint also claims that MetaMask Swaps generated over $250 million in fees and that Consensys sold unregistered staking securities in collaboration with Lido Finance and Rocket Pool. This legal action follows the Wells notice that Consensys received months earlier. The SEC is demanding a jury trial in this case.
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Settlement • 25%
SEC Victory • 25%
Consensys Victory • 25%
Ongoing litigation • 25%
Settlement with SEC • 25%
Consensys wins in court • 25%
SEC wins in court • 25%
Ongoing litigation • 25%
Yes • 50%
No • 50%
No major changes • 25%
Cost-cutting measures • 25%
Securing additional funding • 25%
Settlement with the SEC • 25%
Appeal accepted and case reopened • 25%
Appeal rejected • 25%
Appeal withdrawn • 25%
No appeal filed • 25%
Consensys • 25%
Ethereum Foundation • 25%
Another Ethereum-related company • 25%
No enforcement action taken • 25%
