SEC and MetaMask creator Consensys agree to end lawsuit

The American Commission for Securities and Exchange has abandoned its file for the developer of Ethereum Consensys software, marking another regulatory victory for the digital asset industry.

The creator of Metamask Consensys has become the last cryptocurrency finance provider and decentralized to obtain relief from a federal investigation launched by the Directorate of the Commission for Securities and the previous exchange on February 27.

Joseph Lubin, founder of Consensys and co-founder of Ethereum, said that the two parties had reached An agreement in principle to put an end to the SEC investigation.

Consensys was one of the many cryptographic companies examined By the agency in 2024. The SEC had allegedly alleged that the developer of the Lubin blockchain, via his non -guardian portfolio Metamask, operated as a broker in unregistered securities and did not implement standard consumer protection measures.

The case was built on the principle that most cryptocurrencies are titles and must be registered with the SEC, a position strongly recommended by the former SEC president, Gary Gensler.

In addition, the trial against consensys and a counter-assurance By the Lubin firm, has uncovered a one -year dry investigation into Ethereum’s blockchain. The probe was abandoned after the creator of Metamask challenged the agency’s claims.

“We are committed to fighting this costume until the end of the end, but we welcome this result,” said Lubin in an X Post, celebrating the victory of his business.

Several Crypto service providers have received similar SEC updates this year, after Donald Trump took office and acting president Mark Uyeda succeeded people.

At the time of the press, the dry has now abandoned its cases against Coinbase, Opensea, Robin,, SubcontractorAnd Gemini. The agency’s crypto working group also planned to close the proceedings against Binance and the founder of Tron Justin Sun.