US Judge Speeds Up Consensys Lawsuit Against SEC: What It Means for Ethereum

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.