Consensys Lawsuit Against SEC Dismissed by Texas Court

Judge Ends Consensys’ Suit Against SEC

A recent legal battle saw the Securities and Exchange Commission (SEC) clinch a victory as Judge Reed O’Connor dismissed a lawsuit filed by Ethereum software giant Consensys. The company aimed to secure a federal declaration that Ether (ETH) is not a security, but the U.S. District Court for the Northern District of Texas ruled the claims as “moot.”