SEC drops his case against Metamask, says Consensys

• Consensys has announced that the SEC will fall against Metamask.
• The regulatory authority sued the company because of the hiring feature of the wallet and claimed that securities violations.
• SEC has lowered investigations or cases against Coinbase, Gemini, Robinhood, Uniswap.

The US Securities and Exchange Commission has agreed to drop their case against Metamask, said Consensy's founder Joseph Lubin.

In an announcement Posted on x the co -founder of Ethereum, that the supervisory authority and Consensys had agreed to terminate the legal dispute, had brought the SEC through the lawsuit of the item pocket provider.

"I am pleased to be able to tell you that consensus and the SEC have in principle agreed that the case of the security authorities should be rejected in relation to Metamask. Subject to the commission, the SEC will submit a provision with the court that concludes the case effectively," he said.

Consensitive complained in June 2023 and claimed that the company's operations via Metamask had violated the US laws of securities.

SEC leaves numerous cryptoclags, probes

Consensys submitted a lawsuit against the supervisory authority in April, whereby the company's legal team had exceeded when the SEC reported an investigation against Ethereum and for their investigation in Metamask. By Consensys, the SEC wrongly claimed that Ethereum (ETH) was a security.

The recent step of the SEC contributes to a series of developments that are investigations or has reduced several cases. It includes legal disputes against Coinbase and Gemini as well as studies against uniswap, Robinhood and OpenSea.

sec takes this direction because the new leadership after the Gy Gensler hits a pro crypto and pro innovation posture.

"We appreciate the new leadership of the SEC and the Pro innovation, the pro investor path that you go. We will be deeply employed in the future with public and private political decision-makers.

Crypto wants the USA to treat the best interests of consumers and companies alike, and we are already on the way to achieve this, ”added Lubin.