{"id":152231,"date":"2025-02-28T10:57:33","date_gmt":"2025-02-28T08:57:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152231"},"modified":"2025-02-28T10:57:53","modified_gmt":"2025-02-28T08:57:53","slug":"consensys-triumphs-as-sec-walks-away-from-legal-fight","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/consensys-triumphs-as-sec-walks-away-from-legal-fight\/","title":{"rendered":"Consensys Triumphs as SEC Walks Away from Legal Fight"},"content":{"rendered":"<p>Joseph Lubin, co-founder of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>and head of Consensys, <strong><a href=\"https:\/\/x.com\/ethereumJoseph\/status\/1895156943972639243\" target=\"_blank\" rel=\"nofollow\">revealed<\/a> <\/strong>that the agency has agreed to drop the case, though the final approval process is still ongoing.<\/p>\n<p>Lubin welcomed the development, emphasizing that Consensys can now concentrate entirely on expanding its projects. He predicted a breakthrough year in 2025, with Ethereum and Consensys driving the push toward greater decentralization.<\/p>\n<p>Regulators had targeted Consensys in mid-2024, accusing the company of profiting extensively\u2014over $250 million\u2014from MetaMask\u2019s staking services and digital asset exchange features. However, the SEC\u2019s decision to step back aligns with its recent pattern of retreating from enforcement actions against major crypto firms, including Uniswap, Robinhood Crypto, and Gemini.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-sentiment-at-a-low-is-bitcoins-price-poised-for-a-bounce\/\" title=\"Crypto Sentiment at a Low: Is Bitcoin\u2019s Price Poised for a Bounce?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/bitcoin-123-btc-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Sentiment at a Low: Is Bitcoin\u2019s Price Poised for a Bounce?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Prior to this, Consensys had taken the offensive, launching a lawsuit against the SEC in April 2024. The company challenged attempts to classify Ether as a security, arguing that such a move would severely disrupt the Ethereum network and criminalize ordinary transactions.<\/p>\n<p>By June, the SEC had also abandoned its investigation into Ethereum itself. Lubin credited this reversal to Consensys\u2019 legal efforts, pointing out that the case would have put a spotlight on past statements from former SEC chairman Gary Gensler\u2014who had previously indicated that Ether was not a security.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC is set to dismiss its lawsuit against Consensys, marking a turning point in the regulatory battle over MetaMask\u2019s compliance with securities laws.<\/p>\n","protected":false},"author":9,"featured_media":28506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-152231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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