Court Approves Schedule for SEC’s Case Against Consensys

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A judge in Texas has approved a schedule for the US Securities and Exchange Commission’s case against blockchain software company Consensys.

The proceedings will take place between July 29 and November 26, indicating that a decision could be reached by the end of this year or early 2025.

Consensys lawyer Bill Hughes announced on social media platform X that Judge O’Connor had agreed to expedite the case concerning whether the SEC has the authority to regulate Consensys’ services, such as MetaMask, as a securities broker and issuer.

The SEC previously accused Consensys of violating securities regulations with its MetaMask Staking and MetaMask Swaps services, which allow users to stake ETH and MATIC and exchange various cryptocurrencies.