Crypto

Consensys’ ETH Suit Against U.S. SEC Dismissed by Texas Court

Judge Reed O’Connor of the U.S. District Court for the Northern District of Texas noted in a Thursday filing that “because withholding consideration subjects plaintiff to scant, if any, hardship, the claim lacks a ripe case or controversy.” In other words, since there’s no clear future threat to Consensys, there’s no point in this judge weighing in.

This decision by Judge Reed O’Connor highlights the importance of demonstrating a clear case or controversy in legal matters. Without a tangible hardship or imminent threat, a case may be deemed not ripe for consideration by the court.

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Consensys, a prominent player in the blockchain and cryptocurrency industry, will need to ensure that any future legal actions meet the criteria of a ripe case or controversy to receive proper consideration in the judicial system.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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