The US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against the Blockchain -Software company Consensys, according to the CEO of the company, Joseph Lubin.
Last year the SEC filed a lawsuit against Consensys about Metamask and claimed that the popular cryptocurrency portion portion acted as a non -registered stock agent.
In a new message on social media platform X, Lubin says that Consensys and the SEC have in principle agreed that the enforcement case must be rejected.
“Subject to the committee’s approval, the SEC will submit a provision to the court that closes the case effectively. We were committed to fighting this suit to the bitter end, but welcome this result. “
The development comes when the SEC takes a friendlier attitude compared to crypto. The federal watchdog has also compared its civil enforcement action against the Exchange Coinbase based in the US.
Lubin praises the SEC before changing his approach to Crypto.
“We appreciate the new leadership of the SEC and pro-innovation, pro-investing path that they take. We will remain deeply involved in public and private policy makers in the future. Crypto wants the US to tackle both the best interests of consumers and companies, and we are already on our way to make that happen. “
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