https://www.coindesk.com/policy/2024/06/28/sec-sues-consensys-over-metamask-staking-broker-allegations/https://www.cnbc.com/2024/06/28/sec-sues-ethereum-company-consensys-expanding-industrywide-crackdown.htmlConsenSYS made Metamask and a bunch of other Ethereum stuff right? what does it mean when the SEC says Metamask was used to trade unregistered securities? does that mean that other ERC20 tokens are also unregistered securities? is Gary Gensler about to fuck all of crypto? https://www.coindesk.com/policy/2024/05/21/uniswap-labs-urges-sec-to-drop-pending-enforcement-action-in-wells-response/https://www.coindesk.com/markets/2023/11/21/tokens-in-secs-crosshairs-are-posting-double-digit-year-to-date-returns/https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit
>>58694162every crypto that had an ICO available to non-accredited shartmericans is a security
>>58694162wait a minute that includes chainlink.
>>58694162so they stopped sueing the coins themselves and the main exchanges so now moved over to second tier exchanges, this is weakness displayed, they are hoping these outfits dont have the cash or resolve to fight it and simply fold overif anyone higher up is smart they will pay for the legal defense and gary will have another humiliating loss on his hands
this is specifically what they refer to. it's not a problem with metamask at large, but one of its features. watch uniswap to see what this is about. metamask will come out fine, but they might need to drop the swap feature. uniswap is the one to watch
we should file class action against bic pens for being used for unregistered securities and money laundry and drugs and child abuse
Bullish for Trump
>>58694162Looks like the SEC lost their metamask recovery phrase
>>58694162so every crypto wallet acts as a "broker" of "unregistered securities" following their logic
>>58694162Consensys is a bunch of degenerate kike scammers, but I want them to win to set precedent so we stop getting fucked with.
>>58694613If you listen to them, anyone selling anything ever to someone who thinks they can profit is a broker of securities.
>>58694162Kek, good luck without the Chevron deference. Eat shit, illegitimate bureaucratfags.
>>58695793watching the war over digital assets play out between the CFTC and SEC over the last few years has been interesting. seems like Treasury will be the one regulating stablecoins by delegating authority to banks or regulated financial institutions/money transmitters, CFTC working with utility tokens and governance tokens and whatnot, and SEC trying to define securities as broadly as possiblenow they are going after "unregistered brokers" with binance, coinbase, kraken, uniswap and now metamask/swapIMO hester pierce's safe harbor 2 regulatory sandbox is the most likely path forward (similar to the approach already deployed in Singapore, Hong Kong, UK and several EU jurisdictions)https://www.sec.gov/news/public-statement/peirce-statement-token-safe-harbor-proposal-2.0https://techcrunch.com/2024/02/07/sec-hester-peirce-crypto-token/https://blockworks.co/news/sec-hester-peirce-digital-securities-sandbox-ukJoe Lubin however will not come out of this well, by mid to late 2026 i predict that he and Jay Clayton will be wearing mussed and scuffed secondhand clown costumes with smeared makeup, wandering disoriented and mumbling through the outskirts of new jersey, eating out of trash cans and begging strangers for small change and mercy.source: it came to me in a dream
you guys think we'll get a new financial regulator for digital assets? maybe formed by parties from all relevant existing regulators- SEC, CFTC, OCC, FinRa, Treasury, Fed, FDIC, etc? https://www.dlapiper.com/en-us/insights/publications/2023/01/the-cftc-and-a-congressional-framework-for-regulation-of-digital-assetsif they do make one, i propose they keep Michael "the unclean one" Hinman in a dunk tank by the front door.
