The US Securities and Exchange Commission (SEC) will reportedly be dropping all claims against Consensys.
In recent days, the SEC has dropped investigations against other crypto firms as the Trump administration has taken a more digital asset-friendly stance towards financial innovation.
Consensys and the SEC have now agreed in principle that the securities enforcement case concerning MetaMask “should be dismissed.”
The team at the web3 firm noted in a blog post Consensys and the SEC have agreed in principle “that the securities enforcement case concerning MetaMask should be dismissed.”
Subject to the approval of the Commission, the SEC will “file a stipulation with the court that effectively closes the case.”
Consensys said they were “committed to fighting this suit until the bitter end but welcome this outcome.”
They added that no company wants “to be the target of agency enforcement, but at the same time, it was their duty and honor to stand up for blockchain software developers in the hour it was most needed, as they’re sure their industry peers who also stood up against regulatory overreach would tell you.”
Devs both here at Consensys and across the space are “building a better world and deserve to have someone in their corner fighting for their rights.”
That is why Consensys claimed they “sued the SEC when it became clear that Ethereum was the next target, a lawsuit that actually caused the SEC to drop their Ethereum investigation.”
They added that every legal and policy win “might be hard fought, but each is an important step along the path to a better financial system and a better internet.”
They are grateful to Matt Corva and their legal team for their exceptional work and the entire Consensys family, “whose passion and commitment has never once wavered.”
Consensys said they appreciate the SEC’s new leadership as well as “the pro-innovation, pro-investor path they are taking.”
They will now remain deeply engaged “with public and private policymakers going forward.”
Crypto wants the U.S. to address the “best interests of consumers and businesses alike, and we are already on our way to making that happen.”
Now Consensys said they can “get 100% back to building. 2025 is going to be the best year yet for Ethereum and Consensys.”
The firm concluded that a paradigm shift to “a much more decentralized world is accelerating.”