Consensys and the US Securities and Exchange Commission (SEC) have reached an agreement in principle to dismiss the lawsuit concerning MetaMask, marking the sixth crypto-related case the SEC has withdrawn.
The dismissal is pending final approval by the Commission, after which a court filing will officially close the case.
Joseph Lubin, CEO of Consensys, welcomed the resolution, emphasizing the company's commitment to defending blockchain developers. He praised the firm’s legal team and noted that Consensys stood up for the broader crypto industry at a critical moment. Lubin also expressed appreciation for what he described as the SEC’s evolving approach, calling it a “pro-innovation, pro-investor path.”
The MetaMask case is part of a broader trend, as the SEC has recently dropped several enforcement actions against major crypto firms, including Coinbase, OpenSea, Robinhood, and Uniswap. This pattern suggests a shift in the regulatory body’s stance on cryptocurrency enforcement, potentially signaling a more cautious or refined approach to oversight in the industry.
0 Comments