ConsenSys, founded by Ethereum (CRYPTO:ETH) co-founder Joseph Lubin, has secured an expedited decision from a Texas judge in its legal battle against the SEC over MetaMask's classification as a broker-dealer.

The decision will determine whether the SEC has the authority to regulate MetaMask under securities laws.

The SEC alleges that ConsenSys engaged in unregistered securities offerings and acted as an unregistered broker through MetaMask Staking and Swaps, potentially exposing investors to risks without regulatory protections.

The case's progression includes upcoming deadlines for filings and briefs, with a ruling expected by late 2024 or early 2025, which could significantly impact MetaMask's regulatory future and broader implications for the cryptocurrency industry.