SEC Sues Crypto Firm Consensys for Not Registering as Broker
- Regulator says software company broke securities rules
- SEC says firm made millions on securities transactions
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The US Securities and Exchange Commission said crypto firm Consensys Software Inc. broke its rules when it failed to register as a brokerage and improperly collected millions of dollars in fees.
Consensys, which operates the popular crypto wallet MetaMask, handled millions of transactions for clients without proper regulatory oversight, the SEC said.