Texas court dismisses Consensys' lawsuit against the SEC

BlockBeats news, on Thursday evening, September 20, a Texas court dismissed Consensys' lawsuit against the U.S. Securities and Exchange Commission (SEC) and SEC Chairman Gary Gensler.

Consensys' lawsuit was originally filed in April and contained some heavy news, including allegations that the SEC had launched an investigation into Ethereum and that the regulator had issued a wells notice to the company behind MetaMask.

The judge said in his ruling on Thursday: "The enforcement action does not constitute a final institutional action. The notice neither marks the completion of the agency's (ie, the SEC's) decision-making process nor establishes the plaintiff's legal rights or obligations."