Tag: Metamk

• Consensys has announced that the SEC will withdraw its case against Metamask.
• The regulator sued the company for the wallet’s staking function, claiming violations of values.
• The SEC has abandoned the investigations or cases against Coinbase, Gemini, Robinhood and Uniswap.

The United States Stock Exchange and Securities Commission has agreed to leave its case against Metamask, said consensys founder Joseph Lubin.

In an ad Posted in x Ethereum’s co -founder said the regulator and Consensys had agreed to end the legal dispute that the SEC began by demanding the wallet supplier.

“I am pleased to announce that consensys and the SEC have agreed in principle that the case of execution of values ​​related to MetamSk must be dismissed. Subject to the approval of the Commission, the SEC will present a stipulation before the court that effectively closes the case, ”he said.

The SEC sued consensys in June 2023, claiming that the company’s staffing service through Metamask violated the United States Securities Laws.

The SEC withdraws numerous demands and research on cryptocurrencies

Consensys filed a lawsuit against the regulator in April, and the company’s legal team alleged overreach when, as reported, the SEC initiated an investigation against Ethereum and for its research on Metamk.

According to consensys, the SEC was wrong to claim that Ethereum (ETH) was a value. The last movement of the SD adds to a series of events that have seen it end the investigations or abandon several cases.

It includes legal disputes against Coinbase and Gemini, and investigations against Uniswap, Robinhood and Opensa. The SEC is taking this direction as the new leadership after Gary Gensler adopts a pro-written position and pro-initiation.

“We appreciate the new leadership of the SEC and the pro-innovation and pro-investor path they are taking. We will remain deeply committed to those responsible for public and private policies in the future. Cryptocurrencies want the United States to address the best interests of consumers and companies equally, and we are already on the way to achieve it, ”added Lubin.