SEC Drops MetaMask Case Against ConsenSys With No Fine or Wrongdoing

The SEC has closed its enforcement investigation into ConsenSys over MetaMask Swaps and MetaMask Staking, with no fine and no admission of wrongdoing, a result that directly challenges the regulatory theory that non-custodial wallet interfaces constitute unregistered brokerage operations. The dismissal removes the most immediate enforcement threat against the primary retail gateway into the Ethereum…