Consensys responds to SEC lawsuit: SEC's move is excessive regulation and will actively promote the case

Fox Business reporter Eleanor Terrett disclosed Consensys' official statement on the SEC's enforcement action. The details are as follows: Consensys fully expected the SEC to proceed with its threats against us, claiming that our MetaMask software interface must be registered as a securities broker. The SEC has been pursuing an anti-cryptocurrency agenda through interim enforcement actions. This is the latest example of its regulatory overreach - a transparent attempt to redefine established legal standards and expand the SEC's jurisdiction through litigation. We firmly believe that the SEC is not authorized to regulate software like MetaMask. We will continue to actively advance our case in Texas because it is not only about our company, but also about the future of Web3.