SEC drops its case against MetaMask, Consensys says

2025-2-28 21:19

Consensys has announced the SEC will drop its case against MetaMask. The regulator sued the company over the wallet’s staking feature, alleging securities violations. SEC has dropped investigations or cases against Coinbase, Gemini, Robinhood, Uniswap.

The US Securities and Exchange Commission has agreed to drop its case against MetaMask, Consensys founder Joseph Lubin said.

In an announcement posted on X, the Ethereum co-founder noted the regulator and Consensys had agreed to terminate the legal tussle that SEC brought by suing the wallet provider.

“I’m pleased to announce that Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be dismissed.  Subject to the approval of the Commission, the SEC will file a stipulation with the court that effectively closes the case,” he noted.

The SEC sued Consensys in June 2023, claiming that the company’s staking service via MetaMask violated the US securities laws.

SEC drops numerous crypto lawsuits, probes

Consensys filed a lawsuit against the regulator in April, with the company’s legal team alleging overreach as the SEC reportedly commenced an investigation against Ethereum and for its probe into MetaMask. Per Consensys, the SEC has erred in alleging that Ethereum (ETH) was a security.

The latest move by the SEC adds to a series of developments that have seen it end investigations or drop several cases. It includes legal tussles against Coinbase and Gemini,  and investigations against Uniswap, Robinhood and Opensea.

SEC is taking this direction as the new leadership post-Gary Gensler strikes a pro-crypto and pro-innovation stance.

“We appreciate the SEC’s new leadership and the pro-innovation, pro-investor path they are taking. We will remain deeply engaged with public and private policymakers going forward.

Crypto wants the U.S. to address the best interests of consumers and businesses alike, and we are already on our way to making that happen,” Lubin added.

The post SEC drops its case against MetaMask, Consensys says appeared first on CoinJournal.

origin »

Gemini dollar (GUSD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.9802
Капитализация $0 Rank 99999
Доступно / Всего 0 GUSD

sec against metamask consensys case dropped alleging

Источник: coinjournal.net

sec against → Результатов: 126


‘XRP Is Not A Security’: Bitnomial Files Lawsuit Against SEC

Bitnomial Exchange, LLC has filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners on October 10, contesting the SEC’s claim that XRP is a security. The complaint, lodged in the United States District Court for the Northern District of Illinois, seeks declaratory and injunctive relief against the federal regulator’s attempt […]

2024-10-11 12:30


SEC Draws Battle Line Against ICO Scams in it’s Yearly Annual Report

The Annual Report on the Division of Law Enforcement by the Securities and Exchange Commission (SEC) has revealed its plans of placing strict rules against ICO scams. With a total amount of  $794 million investor funds returned this year alone, the SEC has made it clear that spearheading investigations to help reduce fraudulent ICOs to […] The post SEC Draws Battle Line Against ICO Scams in it’s Yearly Annual Report appeared first on ZyCrypto.

2018-11-3 20:46


Фото:

SEC Sets Up Open Line of Communication for Fintech Projects With FinHub

The U. S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them.

2018-10-19 01:51


Фото:

SEC Charges Forex Broker for Illegal Securities Swaps Involving Bitcoin

In what seems like the first coordinated strike from government agencies, the U. S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Bureau of Investigation (FBI) have taken action against a securities broker for violating federal laws in connection with security-based swaps funded by bitcoin.

2018-9-29 22:29


SEC Issues More Sanctions to PlexCoin Cryptocurrency ICO Token Scam Members

SEC Seeks Sanctions Against Plexcoin Organizers The US Securities and Exchange Commission (SEC) is looking to impose sanctions on the perpetrators behind the scamming ICO known as Plexcoin. Since December 2017, the SEC has been involved in a lawsuit against PlexCorps, the company that allegedly organized the Plexcoin token crowdsale. The case, in which the […]

2018-9-27 23:39


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC chair Paul Atkins says crypto deserves regulatory clarity

The U.S. Securities and Exchange Commission’s new Chairman Paul Atkins has called out the agency’s previous administration as having fostered “uncertainty.” Atkins made the remarks in his first public appearance since officially taking charge as the SEC chair. He was…

SEC delays decision on Grayscale’s Polkadot ETF

The U.S. Securities and Exchange Commission has postponed its decision on Grayscale’s application to list shares of a Polkadot spot exchange-traded fund. SEC said in a filing on April 24, 2025 that it was extending the period under which it…

El Salvador proposes cross-border crypto sandbox to SEC

El Salvador’s National Commission on Digital Assets, in collaboration with U. S. law firm Perkin Law Firm and former Goldman Sachs partner Heather Shemilt, has proposed a cross-border crypto regulatory sandbox to the U.