Consensys sues SEC for clarification on Ethereum (ETH) classification as a security

Consensys recently received a Wells notice from the SEC for its MetaMask product.
Consensys aims to defend Ethereum’s status as a commodity.
The company also challenges SEC’s authority over cryptocurrencies.Consensys, a prominent Ethereum developer, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over what it deems as an “unlawful seizure of authority” concerning Ethereum (ETH).
The lawsuit, filed in the District Court for the Northern Distr