SEC vs MetaMask: Is Staking Is Under Fire Again?

Web3 Tech Brief By HackerNoon

This story was originally published on HackerNoon at: https://hackernoon.com/sec-vs-metamask-is-staking-is-under-fire-again.
Last week, the SEC filed a suit against Consensys, the developer of the popular MetaMask wallet. Is ETH under fire again?
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The SEC has sued Consensys, developer of MetaMask, for allegedly failing to register as a broker and offering unregistered securities. This follows similar actions against Coinbase and Kraken. Consensys argues ETH is a commodity, not a security, setting the stage for a complex legal battle.