ConsenSys founder: DEGEN tips received will be used to defend the Ethereum ecosystem

Odaily Odaily News: Joseph Lubin, founder of Consensys, said in Warpcast that any DEGEN tips received will be used to defend the Ethereum ecosystem. Earlier news, Ethereum infrastructure development company Consensys has filed a lawsuit against the US SEC, accusing it of "illegally seizing power" over Ethereum. The company seeks a federal court to declare that Ethereum is not a security, and any investigation of ConsenSys based on the idea that Ethereum is a security "will violate" the company's Fifth Amendment rights and the Administrative Procedure Act. MetaMask is not a broker under federal law, and its pledge service does not violate securities laws, and prohibits the SEC from investigating or taking enforcement actions related to MetaMask's exchange or pledge functions.