Crypto News: Consensys Wins Big as SEC Drops Case Over MetaMask Wallet

In a huge move for the crypto world, the SEC has officially dropped its cases against Coinbase, Robinhood and Uniswap among others. But that’s not all. The SEC has now dropped its case against Consensys, the company behind the popular MetaMask wallet. This is a big win for Ethereum and the crypto community. 

Joseph Lubin, the founder of Consensys, celebrated the news, saying it was a victory for blockchain developers who deserve a fair chance to grow without unnecessary legal challenges. He also pointed out that this lawsuit played a part in getting the SEC to drop its investigation into Ethereum itself.

“Every legal and policy win might be hard fought, but each is an important step along the path to a better financial system and a better internet. We appreciate the SEC’s new leadership and the pro-innovation, pro-investor path they are taking. We will remain deeply engaged with public and private policymakers going forward,” he wrote.

These legal victories are part of a bigger trend where some regulators, like Hester Peirce, are working to clear out cases that don’t involve fraud, making room for crypto projects to thrive. While these wins are big, there are still ongoing cases, such as those with Kraken and Ripple. Many hope these cases will also be paused or dropped, much like what happened with others.

Lubin concluded, “Now we can get 100% back to building. 2025 is going to be the best year yet for Ethereum and Consensys. The paradigm shift to a much more decentralized world is accelerating.”

The dropping of these cases is seen as very positive for the market. Institutional investors, who were hesitant to dive into crypto due to legal concerns, are now more likely to jump in. This could lead to a rise in market confidence and help fuel a bull market.