PANews reported on September 20 that according to Blockworks, a Texas court has dismissed Consensys' lawsuit against the U.S. Securities and Exchange Commission (SEC) and Chairman Gary Gensler. The lawsuit was originally filed in April this year, accusing the SEC of investigating Ethereum and issuing a Wells notice to the company behind MetaMask, warning it that it may face enforcement actions due to violations of federal securities laws by MetaMask Swaps and Staking products.
Judge Reed O'Connor noted that the SEC's enforcement action did not constitute a final agency decision, and therefore dismissed the claims regarding MetaMask. In addition, the allegations regarding Ethereum were deemed irrelevant due to the SEC's closing of its investigation into ETH in the summer.
