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Consensys gets a Wells notice over MetaMask Swaps and Staking (amycastor.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 7 months ago (1 children)

How long until Peter Thiel installs one of his boot sucking lackeys in the SEC and undoes the last 2 centuries of financial protections?

[–] [email protected] 4 points 7 months ago (1 children)

There's a particular judge in the Northern District of Texas who has a track record of insane rulings, I forget his name. Anyway, someone on bsky pointed out that this stupid complaint may be written for this guy in the hope they win the lottery for Worst Ruling Ever.

[+] [email protected] 5 points 7 months ago (1 children)

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[–] [email protected] 7 points 7 months ago (1 children)

Reed O'Connor, we've just added a new bit to the article:

Update April 28: One possible reason for Consensys filing this bizarre complaint in the Northern District of Texas is that it’s likely to go to Judge Reed O’Connor, a George W. Bush appointee known for his history of such bizarre rulings that even the present Supreme Court has consistently knocked them back. O’Connor might plausibly go for the complaint’s good ol’ boy hollering about the evils of fed overreach.

Consensys is weirdly vague about precisely when they moved to Texas. There wasn’t a press release. CoinDesk says Consensys’ office is in a WeWork, though WeWork only has the fourth floor of 5049 Edwards Ranch Road, Fort Worth, TX 76109, and there are other companies in the building. Various sources give their move date to Fort Worth as December 2023, though they were sending out press releases datelined Forth Worth as early as June 2023. [CoinDesk]

Did Consensys move to Forth Worth specifically to try to win a bizarre ruling from O’Connor with this weird filing as their judicial lottery ticket? This is almost too crypto an idea to seriously posit, but it’s less nonsensical than any other interpretation we have. Ideas welcome!

And then Consensys admitted it on the Unchained podcast:

Laura Brookover on Unchained: "We moved to TX because it's a wonderful laboratory for innovation. TX celebrates individual freedom. Celebrates technology. It's a great opportunity for us, being here to call on the courts to please help us because what the SEC is doing is unlawful."

This was literally their plan.