SEC Set To Dismiss MetaMask Lawsuit After Reaching Agreement ‘In Principle’ With Consensys: CEO Joseph Lubin

Description

The U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against the blockchain software firm Consensys, according to the company’s CEO, Joseph Lubin. Last year, the SEC filed a suit against Consensys over MetaMask, claiming that the popular cryptocurrency wallet acted as an unregistered securities broker. In a new post on social media platform X, Lubin says that Consensys and the SEC have agreed “in principle” that the enforcement case should be dismissed. “Subject to th...