Texas Court Dismisses Consensys Lawsuit Against SEC
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September 20, 2024
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On Thursday, September 20, a Texas court dismissed a lawsuit filed by Consensys against the US Securities and Exchange Commission (SEC) and SEC Chair Gary Gensler.
Consensys' lawsuit was originally filed in April and contained some bombshells, including allegations that the SEC had launched an investigation into Ethereum and that the regulator had issued Wells notices to the company behind MetaMask.
In Thursday's ruling, the judge said: "Enforcement actions do not constitute final agency action, and the notice neither marked the completion of the agency (i.e., SEC) decision-making process nor established a legal right or obligation for the plaintiff."
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