ConsenSys Fights Back Against U.S. Authorities’ Efforts to Cut Them Off

The post ConsenSys Fights Back Against U.S. Authorities’ Efforts to Cut Them Off appeared first on Coinpedia Fintech News

ConsenSys, the Ethereum developer behind MetaMask, has successfully navigated two attempts by U.S. authorities to exclude it from the financial system. CEO Joe Lubin revealed the company survived Operation Chokepoint 2.0 by keeping backup accounts. Despite intense pressure from regulators, Lubin’s unnamed bank resisted closing ConsenSys’ account, which was crucial for the $7 billion company. …