The U.S. Securities and Exchange Commission (SEC) has agreed in principle to drop the lawsuit against software developer Consensys.
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The agency originally claimed that the Ethereum developer violated securities laws with the Metamask wallet, which was allegedly functioning as an unregistered broker.
The SEC is set to file a stipulation with the court that will effectively close the case, according to Consensys CEO Joseph Lubin.
"We appreciate the SEC’s new leadership and the pro-innovation, pro-investor path they are taking," Lubin said.
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Lubin has predicted that 2025 will be "the best year" for Ethereum and Consensys. "The paradigm shift to a much more decentralized world is accelerating," he added.
Dan Burgin
Vladislav Sopov