By Nermeen Nabil Khear 
The U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss its enforcement case against MetaMask. Pending final approval, the case will be officially closed.
Lubin made it clear that Consensys was ready to fight the case to the bitter end but welcomed the outcome. “No company wants to be the target of agency enforcement,” Lubin said. “But it was our duty and honor to stand up for blockchain developers when it mattered most.”
A Win for Crypto Developers
Consensys has been at the forefront of defending blockchain innovation. When it became clear that Ethereum was under regulatory fire, the company took action. It sued the SEC, challenging what many in the crypto space saw as overreach. This lawsuit ultimately led to the SEC dropping its Ethereum investigation.
“Devs both here at Consensys and across the space are building a better world and deserve someone in their corner,” Lubin stated. He credited the company’s legal team and Consensys employees for standing strong through the battle.
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.…
— Joseph Lubin (@ethereumJoseph) February 27, 2025
The SEC’s New Approach
Lubin expressed appreciation for the SEC’s new leadership, noting that the agency now seems to be taking a more pro-innovation and pro-investor stance. He emphasized that Consensys will continue working with both public and private policymakers to create a regulatory environment that benefits consumers and businesses alike.
“Crypto wants the U.S. to address the best interests of consumers and businesses,” Lubin added. “And we are already on our way to making that happen.”
We’re pleased to share that @Consensys and the SEC have reached an agreement in principle to dismiss the securities enforcement case concerning @MetaMask.
Read @ethereumJoseph‘s full statement on the matter here: https://t.co/3su3ZDLvUW
— Consensys.eth (@Consensys) February 27, 2025
With this legal hurdle behind it, Consensys is ready to go full speed ahead. Lubin is confident that 2025 will be a groundbreaking year for both Consensys and Ethereum. “The paradigm shift to a much more decentralized world is accelerating,” he said.
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The post Consensys Wins: SEC to Drop MetaMask Case appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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