Ethereum Surges: Lubin on SEC Reversal

SEC Ends Lawsuit Against Consensys, Crypto Industry Sees Positive Shift

• The SEC has agreed to end its lawsuit against Consensys, pending commissioner approval.
• Consensys was sued in July 2024 over MetaMask’s staking service for unregistered securities sales.
• Joe Lubin, founder of Consensys and Ethereum co-founder, noted a positive shift under President Trump’s administration.
• The SEC’s decision aligns with recent closures of investigations against firms like Coinbase and Uniswap Labs.
• MetaMask announced support for Bitcoin and Solana at ETH Denver 2025.

The SEC’s decision to end its lawsuit against Consensys marks a significant change in regulatory approach, coinciding with broader acceptance of blockchain technology in the U.S. government.