A U.S. district court has dismissed a lawsuit filed by Consensys Software Inc. against the Securities and Exchange Commission (SEC).
Judge Reed O’Connor of the Northern District of Texas ruled in favor of the SEC, stating that Consensys’ claims regarding ether’s classification as a security were moot.
The judge confirmed that Consensys would not pursue certain claims and ruled that the SEC’s actions concerning Consensys’ MetaMask software lacked finality, leading to the dismissal of the case without prejudice.
Consensys initially filed the lawsuit in April, contesting the SEC’s stance on ether and alleging the agency targeted MetaMask.
Although the SEC closed its investigation into Ethereum in June, which Consensys considered a win, the company continued the lawsuit seeking clarification on whether its MetaMask services violated securities laws.
In July, the SEC sued Consensys for failing to register its MetaMask swaps service as a broker. Following the dismissal, Consensys expressed its commitment to advocating for blockchain developers and noted a potential shift in Washington’s attitude toward cryptocurrencies.
According to Santiment’s latest narrative dashboard, the start of July has seen a surge in online discussions around a wide range of crypto themes, with Solana ETFs, stablecoins, Virtuals, Robinhood, and AI bot projects like Yapyo & Kaito leading the spike in mentions across platforms.
The likelihood of the United States entering a recession in 2025 has dropped significantly, according to the latest market data from prediction platform Polymarket, where recession odds have fallen to just 22%, marking a notable decline from earlier highs in April and May.
A recent poll reveals that over 70% of U.S. crypto investors support President Donald Trump’s current approach to digital asset policy, reflecting growing optimism within the sector.
U.S. President Donald Trump has officially signed his sweeping policy bill into law, enacting one of the most consequential pieces of legislation of his presidency.