Ang Consensys ay nagdemanda sa SEC, humingi ng deklarasyon ng korte na ang Ethereum ay hindi isang seguridad

　　Consensys wants the court to declare that Ethereum is not a security and that the firm neither acts as a broker nor sells securities by operating MetaMask. It also wants the court to declare that legal action or investigations based on those grounds would exceed the SECs authority.

　　Furthermore, Consensys is seeking an injunction that prevents a continued SEC investigation of, or future enforcement action against, its MetaMask wallet and related ETH sales. The SEC warned Consensys of potential legal action through a Wells notice and phone conference on April 10. Metamasks staking and swap features are areas of concern.

　　Three-prong argument

　　The lawsuit has three prongs. Consensys first asserted that the SEC only has jurisdiction over securities and has previously agreed ETH is not a security.

　　Consensys secondly asserted that the SEC‘s approach wrongly classifies non-financial platforms as financial applications. It argued that ETH supports applications on Ethereum and, therefore, has non-financial utility separate from its role as a commodity. The firm also said the SEC has no authority to regulate the internet’s technological development in such a way.

　　Finally, Consensys asserted that MetaMask and other applications are not securities brokers but rather allow users to buy, sell, and transfer ETH through broader access.

　　The case, filed in the US District Court for the Northern District of Texas, names the SEC and its chair, Gary Gensler, as defendants.

　　Malawak na implikasyon

　　Whether the SEC considers Ethereum a security is a long-standing issue, and the matter is relevant to the compliance efforts of any company or project that handles ETH.

　　Fortune reported on March 20 that the SEC had subpoenaed numerous crypto companies that have engaged with the Ethereum Foundation. The Ethereum Foundation itself seemingly received a subpoena from an unknown state authority at the time of the report.

　　One company in the Ethereum ecosystem, Uniswap, received a Wells notice on April 10, warning of potential charges. However, it is unclear if the SECs potential charges against Uniswap are directly related to ETH.

　　Whether the SEC treats ETH as a security could also impact the approval of spot Ethereum ETFs. SEC chair Gary Gensler identified Bitcoin as a non-security commodity upon the approval of spot Bitcoin ETFs in January and emphasized that the current decision only applied to the asset.