A Texas federal court judge has dismissed a lawsuit brought by Consensys against the SEC that claimed the agency was investigating Ethereum to classify it as a security.
A Texas federal judge has dismissed a lawsuit filed by blockchain development firm Consensys against the Securities and Exchange Commission and its five Commissioners, including Chair Gary Gensler.
The suit, launched in April, requested official relief by having a court declaring that Ether (ETH) is not a security and that “Consensys’s sales of ETH are not sales of securities.”
Consensys also claimed the SEC opened an investigation into Ethereum and planned to regulate it as a security, noting it had issued them a Wells notice regarding aspects of its MetaMask wallet software.
