# ConsenSys Charged

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-07-01

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ConsenSys, the creator of MetaMask wallet, faces SEC charges for unregistered crypto brokerage and securities offerings. The SEC alleges ConsenSys operated as an unregistered broker and sold unregistered securities through MetaMask Swaps and Staking services.

Key points:

\- SEC claims ConsenSys earned over $250 million in fees from unregistered broker activities.

\- Lawsuit targets MetaMask Swaps and Staking Services.

\- Allegations involve unregistered securities linked to Lido and Rocket Pool staking programs.

The SEC accuses ConsenSys of failing to register as a broker-dealer for MetaMask Swaps, which managed assets and received compensation. The lawsuit also scrutinizes MetaMask Staking, launched in 2023, enabling Ethereum staking through Lido and Rocket Pool, which the SEC considers unregistered securities.

This legal action coincides with Coinbase's lawsuit against the SEC and follows ConsenSys's own lawsuit against the SEC in April.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/consensys-charged)*