According to Foresight News , Blockworks reported that Reed O'Connor, a federal district court judge in Texas, dismissed Consensys' lawsuit against the U.S. Securities and Exchange Commission (SEC). The judge said that because the SEC's alleged actions were not "final" actions, Consensys's claims were actually "invalid."
Foresight News previously reported that Consensys filed a preventive lawsuit against the SEC in April 2024. The company had received a "Wells Notice" from the SEC regarding possible violations of securities laws by the crypto wallet MetaMask. In the lawsuit, Consensys claimed that the SEC internally considered Ethereum to be a security and sought a statement from the SEC that Ethereum was not considered a security.
