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Consensys Demands Court Declares Software Interfaces Are Magical and Beyond the Grasp of Mere Mortal Regulators

Crypto NewsHackNFTs 2 Doug Martinez August 15, 2024

An illustration: A wizard stands in front of an imposing castle with gates wide open; he holds up his hands to shield himself from falling debris. The walls are cracked but still standing, while rubble lies scattered at their base. In one corner a large stone is inscribed 'SEC' and another has the words 'Consensys'. On top of the wall stands a figure holding an axe with sparks flying off it; in its other hand there's a scroll unrolling as if being pulled by some unseen force, revealing lines that resemble code or runes.

The crypto bros are at it again! This time Consensys is challenging the SEC in court because they think their precious Metamask software interface shouldn’t be regulated. Oh please, what’s next? Are we going to see a lawsuit from Buterin himself claiming that his Vitalik’s Visionary Visions should not be considered securities

Source: bitcoin.com

Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
https://news.bitcoin.com/consensys-to-challenge-sec-in-court-confident-sec-lacks-authority-to-regulate-software-interfaces-like-metamask
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. On Friday, Consensys Software issued a statement addressing the charges brought by the U.S. Securities and Exchange Commission (SEC). The […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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