The United States Securities and Exchange Commission (SEC) filed suit against Ethereum software firm Consensys on Friday, alleging that the company "acted as an unregistered broker of crypto asset securities through its MetaMask Swaps service."

"Since January 2023, Consensys has engaged in the unregistered offer and sale of securities in the form of crypto asset staking programs, and acted as an unregistered broker, through its MetaMask Staking service," the SEC wrote in its filing. "By its conduct as an unregistered broker, Consensys has collected over $250 million in fees."

Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.

Editor's note: This story is breaking and will be updated with additional information.

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