A Texas federal judge dismissed a lawsuit from blockchain firm Consensys against the SEC on September 19, 2024. The suit sought a declaration that Ether is not a security, following claims of an SEC investigation into Ethereum.
Judge Reed O'Connor ruled that enforcement actions do not constitute final agency actions and dismissed claims regarding MetaMask as moot after the SEC dropped its investigation. Consensys expressed disappointment over the procedural dismissal, emphasizing it would continue to contest an SEC lawsuit from June alleging unregistered broker activities.
This ruling may influence regulatory clarity for Ethereum and similar cryptocurrencies, as the SEC's stance on digital assets remains a contentious issue.