SEC Unexpectedly Ends Consensys Lawsuit: Positive Signals for Ethereum?
#Consensys , the software development company behind Ethereum's MetaMask wallet and Layer 2 network Linea, stated that the SEC is expected to withdraw its lawsuit against the firm.
Joe Lubin, founder of Consensys and co-founder of Ethereum, confirmed on X that
#SEC has agreed to withdraw the lawsuit after receiving approval from partners. "We have always been ready to fight to the end, but welcome this outcome," Lubin wrote.
Previously, the SEC had sued Consensys over the staking feature of
#MetaMask , claiming that the firm was offering unregistered securities. However, the decision to withdraw the lawsuit came right after the SEC unexpectedly approved the spot Ethereum ETF, implicitly accepting
$ETH as not securities.
This change reflects the SEC's policy adjustment since President Donald Trump took office. The agency has begun active dialogue with the industry and has withdrawn lawsuits against Coinbase, Robinhood, Uniswap Labs, and OpenSea.
Although the SEC has not publicly confirmed the withdrawal of the lawsuit, this development is a positive signal for Ethereum and the crypto industry in general, especially for decentralized finance (DeFi) services.
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