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Coin Edition 2025-02-28 06:19:52

SEC Clears Path for Consensys After Dropping Legal Battles with Coinbase, Gemini, and More

SEC Clears Path for Consensys After Dropping Legal Battles with Coinbase, Gemini, and More

The SEC has officially dropped its lawsuit against Consensys. Joseph Lubin of ConsenSys praised the decision and talked about the importance of collaboration with regulators. The SEC’s new leadership under Mark Uyeda has led to the dismissal of several major lawsuits The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Consensys. Joseph Lubin, co-founder of Consensys, confirmed the development on February 27th, stating that the SEC and Consensys had agreed to halt the litigation. Lubin expressed his gratitude for the outcome, calling it an honor to stand up for blockchain developers during a period of regulatory uncertainty. He also spoke about the importance of collaboration between regulators and industry leaders to encourage innovation. Consensys Lawsuit Background and Lubin’s Response The SEC initially filed the lawsuit against Consensys in June 2023, claiming that the company was operating as an unregistered broker for securities, specifically with its MetaMask wallet and staking programs. The case was one of several high-profile legal battles the SEC waged against crypto companies under the leadership of … The post SEC Clears Path for Consensys After Dropping Legal Battles with Coinbase, Gemini, and More appeared first on Coin Edition .

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