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    Home»Crypto News»Victory for ConsenSys as SEC Drops Controversial MetaMask Case – BlockNews.com
    Victory for ConsenSys as SEC Drops Controversial MetaMask Case – BlockNews.com
    Crypto News

    Victory for ConsenSys as SEC Drops Controversial MetaMask Case – BlockNews.com

    By Crypto EditorFebruary 28, 2025No Comments2 Mins Read
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    • Consensys has reached an settlement with the SEC, resulting in the dismissal of its enforcement case.
    • The SEC has been dropping a number of crypto circumstances, together with these towards Coinbase, OpenSea, and Gemini.
    • Consensys founder Joseph Lubin says the corporate is now centered on constructing, calling 2025 a giant 12 months for Ethereum.

    Consensys, the crew behind MetaMask, has reached an “in precept” settlement with the U.S. SEC to dismiss its enforcement case, in line with founder Joseph Lubin.

    ICYMI: 🇺🇸 SEC dismissed its investigation into MetaMask’s mother or father firm, Consensys

    Including to the closed crypto circumstances during the last week 👇

    • Gemini
    • Robinhood
    • OpenSea
    • Coinbase
    • Consensys pic.twitter.com/ITUAUeodFf

    — BlockNews (@blocknewsdotcom) February 27, 2025

    The case, which accused Consensys of promoting unregistered securities and providing brokerage companies through MetaMask, will likely be formally closed upon approval by the SEC Fee.

    Consensys vs. SEC—A Authorized Battle That Turned the Tide

    The SEC lawsuit, filed final June, alleged that:

    • Consensys facilitated securities gross sales by means of MetaMask’s staking companies with Lido and Rocket Pool.
    • The corporate was working as an unregistered dealer, making it non-compliant with U.S. laws.
    • This got here after Consensys sued the SEC first, in April 2024, searching for readability on Ethereum’s authorized standing.

    Lubin didn’t maintain again in his response:

    “We had been dedicated to preventing this go well with till the bitter finish, however welcome this end result.”

    He additionally praised the SEC’s new management, stating that the regulator is now taking a “pro-innovation, pro-investor” method that balances shopper and enterprise pursuits.

    Victory for ConsenSys as SEC Drops Controversial MetaMask Case – BlockNews.com

    coinlive.com

    SEC is Dropping Instances Throughout the Crypto Business

    Consensys isn’t the one crypto firm getting aid—the SEC has been quickly closing investigations and lawsuits in current weeks.

    • Final week, the SEC dismissed its lawsuit towards Coinbase.
    • Investigations into OpenSea, Uniswap Labs, and Robinhood Crypto have additionally been dropped.
    • Gemini’s case was formally closed yesterday, marking one other win for the crypto trade.
    • Even Justin Solar, founding father of TRON, is negotiating a settlement in his civil fraud case.

    Lubin is able to transfer ahead—and so is Consensys.

    “Now we are able to get 100% again to constructing. 2025 goes to be the most effective 12 months but for Ethereum and Consensys.”

    With the SEC shifting gears, crypto companies are lastly seeing regulatory readability, and the trade could also be getting into a brand new period of progress.





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