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The SEC has officially dropped its case against Consensys, marking a significant shift in the regulatory approach towards the blockchain technology company and 
Ethereum overall.
What’s the Scoop?
- Dismissal Agreement: The SEC will file a stipulation to effectively close the matter, ending the lawsuit tied to MetaMask.
- Ethereum Investigation Dropped: Consensys’s separate suit prompted the SEC to halt its probe into Ethereum, marking a notable win for blockchain software developers.
- Regulatory Shift: Consensys welcomed the SEC’s leadership change, highlighting a new, pro-innovation path and ongoing plans to engage with policymakers.
- Industry Back to Building: With this legal hurdle cleared, Consensys and other developers can focus on advancing Ethereum’s ecosystem.
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.…
— Joseph Lubin (@ethereumJoseph) February 27, 2025
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