The U.S. Securities and Exchange Commission (SEC) sued Consensys, the developer of the popular cryptocurrency wallet MetaMask, alleging it acted as an unregistered securities broker by facilitating the buying and selling of digital assets through its "Swaps" feature.
The Internal Revenue Service (IRS) released a revised version of its proposed regulations on cryptocurrency broker reporting requirements, a move that has been met with cautious optimism by the crypto industry.
The launch of the highly anticipated spot Ether exchange-traded funds in the United States, widely expected to come as early as July 2, has been pushed back over additional scrutiny by the SEC.
Top stories in the Crypto Roundup today:
- SEC Sues Consensys Over MetaMask's ‘Unregistered Offers and Sales of Securities’
- IRS Eases Concerns with Updated Crypto Broker Reporting Guidelines
- Spot Ether ETF Launch Delayed Over SEC Scrutiny