{"id":16,"date":"2024-09-22T05:35:00","date_gmt":"2024-09-22T05:35:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16"},"modified":"2024-09-22T05:35:00","modified_gmt":"2024-09-22T05:35:00","slug":"judge-dismisses-consensys-lawsuit-after-sec-withdraws-ethereum-investigation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16","title":{"rendered":"Judge Dismisses ConsenSys Lawsuit After SEC Withdraws Ethereum Investigation"},"content":{"rendered":"<div>\n<p><strong>ConsenSys<\/strong>, the blockchain company behind <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) infrastructure projects like <strong>MetaMask<\/strong>, has faced a setback in its lawsuit against the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40876874\/sec-moves-to-amend-binance-lawsuit-reinforcing-claims-of-unregistered-securities-sales\">U.S. Securities and Exchange Commission (SEC)<\/a>.<\/p>\n<p><strong>What Happened<\/strong>: The company had initially <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/04\/38520739\/consensys-alleges-sec-covertly-targeted-ethereum-sparking-legal-battle\">sued the SEC<\/a> for overreach, accusing the regulator of conducting an unnecessary investigation into Ethereum, specifically targeting Ethereum 2.0.<\/p>\n<p>The lawsuit, filed earlier this year, sought to clarify that Ethereum&#8217;s native token, ether, should not be classified as a security.<\/p>\n<p>However, a Texas judge <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.txnd.389154\/gov.uscourts.txnd.389154.57.0.pdf\">ruled <\/a>that the lawsuit lacked merit due to the SEC&#8217;s decision to abandon its Ethereum probe. In his decision, Judge <strong>Reed O&#8217;Connor<\/strong> of the U.S. District Court for the Northern District of Texas explained, &#8220;because withholding consideration subjects plaintiff to scant, if any, hardship, the claim lacks a ripe case or controversy.\u201d <\/p>\n<p>Essentially, the court found that without an active investigation, ConsenSys had &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40963074\/judge-dismisses-consensys-lawsuit-after-sec-withdraws-ethereum-investigation\" alt=\"Judge\" dismisses consensys lawsuit after sec withdraws ethereum investigation>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ConsenSys, the blockchain company behind Ethereum (CRYPTO: ETH) infrastructure projects like MetaMask, has faced a setback in its lawsuit against the U.S. Securities and Exchange Commission (SEC). What Happened: The company had initially sued the SEC for overreach, accusing the regulator of conducting an unnecessary investigation into Ethereum, specifically targeting Ethereum 2.0. The lawsuit, filed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-videos"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}