ConsenSys Founder Pledges DEGEN Tips To Defend Ethereum Ecosystem

According to BlockBeats, ConsenSys founder Joseph Lubin has announced that any DEGEN tips received will be used to protect the Ethereum ecosystem. This statement was made on April 26 during a Warpcast session. Previously, it was reported that ConsenSys, an Ethereum infrastructure development company, had filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The company accused the SEC of 'illegally monopolizing' Ethereum. ConsenSys is seeking a federal court declaration that Ethereum is not a security. The company argues that any investigation into ConsenSys based on the idea that Ethereum is a security would 'violate' the company's Fifth Amendment rights and the Administrative Procedure Act. Furthermore, ConsenSys maintains that MetaMask is not a broker under federal law, and that MetaMask's staking services do not violate securities laws. The company is also seeking a prohibition on the SEC from investigating or taking enforcement action related to MetaMask's exchange or staking functions.