Summary:
A US judge has expedited the schedule for Consensys' lawsuit against the SEC, potentially bringing a verdict in December.
The judge will consider whether the SEC has the authority to regulate MetaMask as a securities broker and issuer.
This decision comes after the SEC sued Consensys for securities violations related to its MetaMask platform and staking services.
Consensys had previously argued that Ethereum is not a security and MetaMask is not a broker dealer.
A US judge has fast-tracked Consensys' lawsuit against the Securities and Exchange Commission (SEC), potentially bringing a verdict in December. This decision comes after the SEC accused Consensys of securities violations related to its MetaMask platform and staking services. Consensys had already filed a lawsuit in April, arguing that Ethereum is not a security and MetaMask is not a broker dealer. The judge's expedited schedule means that the court will now consider the merits of Consensys' case, including whether the SEC has authority to regulate MetaMask as a securities broker and issuer. The SEC has until July 29 to respond, and the court expects to issue a ruling by December.
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