The Block Crypto News15 minutes ago

Published on July 02, 2024 15:49 GMT+00:00edited on July 02, 2024 15:54 GMT+00:00

A Texas judge has implemented the schedule for the U.S. Securities and Exchange Commission's case against blockchain software firm Consensys.

Legal proceedings are slated to occur between July 29 and November 26, suggesting that a decision for the SEC's case against Consensys could come by the end of the year or early 2025.

"Judge O'Connor granted our request that he consider the merits of our case on an expedited basis: whether the SEC has Congressional authority to regulate MetaMask as a securities broker and issuer," Consensys lawyer Bill Hughes wrote on the social media platform X. "Those questions would be considered alongside any arguments the SEC would make that we don't get to bring a case against them."

SEC sues Consensys

Last month, the SEC alleged that Consensys violated …