Consensys sues SEC for clarification on Ethereum (ETH) classification as a security

Consensys recently received a Wells notice from the SEC for its MetaMask product. Consensys aims to defend Ethereum’s status as a commodity. The company also challenges SEC’s authority over cryptocurrencies. Consensys, a prominent Ethereum developer, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over what it deems as an “unlawful seizure […] source: https://coinjournal.net/news/consensys-sues-sec-for-clarification-on-ethereum-eth-classification-as-a-security/