Tag: SEC

The SEC withdraws its case against Metamk, says consensys


  • 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.

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The SEC abandons research on Robinhood Crypto

  • Robinhood says that the SEC has ended the regulator of the Robinhood Crypto regulator.
  • The SEC issued a Wells notice to Robinhood Crypto in May 2024.
  • The closure of Robinhood Crypto’s investigation by the SEC occurs days after the agency closed a similar investigation against Opensa.

The United States Stock Exchange and Securities Commission (SEC) has abandoned its research on Robinhood digital assets division. Robinhood announced through A blog post On Monday, February 24, the SEC has closed its investigation of compliance actions against the company.

“We applaud the decision of the staff to close this investigation without any action,” said Dan Gallagher, legal director of Robinhood Markets.

The DEC decision of ending his research on Robinhood occurs just a few days after another platform, Opensa, said the regulator was ending his investigation.

Both Robinhood and Opensa received ‘Wells notices from the SEC in 2024. Last week, the Coinbase cryptocurrency exchange platform also announced that the regulator had agreed to dismiss the demand he had filed against the company based in the United States in 2023.

The SEC closes Robinhood research

In Monday’s blog publication, Robinhood said he received a communication from the SEC’s compliance division on Friday, February 21.

The letter detailed the agency’s decision to end the investigation of Robinhood Crypto, without more measures. The Wells notice of the SEC alleged possible violations of the securities laws by the commercial platform. However, Robinhood said he had not violated any values ​​of values ​​and that he did not offer values ​​to users.

“This research should never have opened,” Gallagher added.

“Robinhood Crypto has always respected and will always respect federal values ​​of values ​​and never allowed values ​​transactions. As we explained to the SEC, any case against Robinhood Crypto would have failed. We appreciate the formal closure of this investigation and we are happy to see a return to the rule of law and commitment to equity in the SEC ”.

The SEC has adopted a more cryptographic pro-innovation position since the departure of former President Gary Gensler. The appointment by President Donald Trump of pro-writing people in positions in the agency has helped this change, including the establishment of a working group on cryptocurrencies by the acting president Mark Uyeda.

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Coinbase achieves an important victory while the SEC prepares to withdraw demand


  • Coinbase says that the SEC agreed to dismiss its demand against the exchange of cryptocurrencies based in the US.
  • The SEC demanded Coinbase in 2023, but with the departure of Gary Gensler, the regulator is looking for a better regulatory approach.

The American cryptocurrency exchange platform Coinbase is ready for a historical event after the Bag and Securities Commission (SEC) allegedly agreed to dismiss its own demand against the platform.

Coinbase announced the great news in a Blog post Friday, February 21. The executive director of Coinbase, Brian Armstrong, also shared the event in a interview With CNBC Squawk Box.

“The SEC staff agreed in principle to dismiss their case of illegal execution against Coinbase, subject to the commissioner’s approval, correcting an important error,” wrote the legal director of Coinbase, Paul Grewal.

The executive director of Coinbase, Brian Armstrong, also shared the news through X.

The sec and coinbase are updated

According to the Exchange, the regulator’s decision to withdraw the case is produced after an agreement that does not imply any economic sanction against Coinbase.

The next step is that the SEC commissioners ratify the agreement and end an important legal obstacle that made the US cryptocurrencies backward. UU.

“While dismissal will be a great victory for the rule of law, and a clear claim of our position, especially will be a victory for the entire industry and the 52 million Americans who have had a digital asset,” Grewal added.

The SEC filed its lawsuit against Coinbase in 2023, accusing the Exchange of operating an unregistered bag of values. Demand also included accusations of offering unregistered values. Coinbase challenged the charges and requested a dismissal, and the industry actors criticized the then president of the SEC, Gary Gensler, to overreach in the midst of a regulation approach per application.

It should be noted that the SEC had also sued Binance, the world’s largest cryptocurrency exchange by volume of operations. Another exchange that is in the sights of the “dishonest” agency is Kraken.

However, things in the stock control agency have taken a favorable turn to cryptocurrencies since the choice of Donald Trump and the departure of Gensler and other commissioners.

The interim president Mark Uyeda has formed a working group on cryptocurrencies and has renamed a compliance unit amid the search to balance compliance and the need to protect investors.

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