The United States Securities and Exchange Commission (SEC) has finally agreed with Consensys to drop the Metamask staking case.
Apart from the victory this brings to the Ethereum software developer, this new development also marks another win for the broader cryptocurrency sector.
The Consensys Case is Over
For over a year, Consensys has faced intense scrutiny from the Commission over several charges.
These include staking services and operating as an unregistered broker in the US.
Consensys was also accused of failing to implement standard consumer protection measures.
Under Gary Gensler’s administration, the regulator built this case on the premise that all crypto, but Bitcoin, are securities.
Source: X
As such, virtual assets service providers are meant to register any offering linked to these coins with the agency.
Coinbase faced a similar problem, and about 13 tokens, including Solana (SOL), Cardano (ADA), and Polygon (POL), were listed as unregistered securities
We współpracy z: https://www.thecoinrepublic.com/2025/02/27/us-sec-consensys-agree-to-drop-crypto-case-details/
