ConsenSys, SEC Agree to Dismiss MetaMask Case

ConsenSys, a blockchain technology company, and the U.S. Securities and Exchange Commission (SEC) have reached an agreement to dismiss the enforcement case concerning MetaMask, pending Commission approval. ConsenSys' founder, Joseph Lubin, announced the news on his Twitter account.

In a tweet, Lubin stated, "I'm pleased to announce that 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."

The SEC will file a stipulation with the court to close the case, effectively ending the legal dispute. Lubin commented, "We were committed to fighting this suit until the bitter end but welcome this outcome." He added, "No company wants to be the target of agency enforcement, but at the same time, it was our duty and honor to stand up for blockchain software developers in the hour it was most needed."

Lubin noted that ConsenSys had previously sued the SEC when Ethereum became a target, which led to the SEC dropping their Ethereum investigation. He expressed appreciation for the SEC's new leadership and their pro-innovation, pro-investor approach. Lubin emphasized that the crypto industry seeks U.S. policies that address both consumer and business interests.

With the case dismissed, ConsenSys plans to focus on development moving forward. Lubin stated, "Now we can get 100% back to building. 2025 is going to be the best year yet for Ethereum and ConsenSys."