The US Securities and Exchange Commission (SEC) has in principle agreed to reject its enforcement case for securities against Consensys, according to a 27 February. Stelling.
As soon as the latest approvals are secured, the SEC will submit a provision to the court to formally close the case. The resolution follows the dedication of Consensys to dispute the allegations.
Consensys CEO Joseph Lubin said that the dismissal, which is still awaiting definitive approvals, closes the dispute. He added that the decision to challenge the desk was a broader effort to support blockchain software developers and to protect innovation within the crypto industry.
Lubin said:
“No company wants to be the target of the agency’s enforcement, but at the same time it was our duty and honor to stand up for blockchain software developers in the hour it was most needed, because I am sure our colleagues from the industry who also arose against regulatory overall, would tell you.”
Development efforts
The CEO of Consensys expressed appreciation for the shift of the SEC in the approach under its current leadership, which he described as more pro-innovation and pro-investor.
He also confirmed the company’s dedication for a constructive dialogue with public and private policy makers to guarantee balanced regulations to support the protection of consumers and the growth of industry.
With the established regulations, Consensys is planning to fully concentrate on developmental efforts. Lubin indicated that the company is optimistic about the future of Ethereum and decentralized technologies, and emphasizes the acceleration of the shift to a more decentralized financial system.
Sec Inking on 28 June against Consensys2024, claiming that the company that deals with the non -registered range and the sale of securities via its Metamask -Estimation Service and is operated and a non -registered broker via both the use of Metamask and Metamask Swaps.
According to the complaint, since at least January 2023, Consensys has facilitated the sale of non -registered effects on behalf of Liquid STAKING PROVIDERS LIDO and Rocket Pool.
Posture
Because Mark Uyeda was that Nominated as the acting chairman of the SEC and the Crypto Task Force of the Regulator has been createdHigh -profile enforcement actions have escalated.
On February 21, the sec reached an agreement With Coinbase to drop his enforcement case, which is also awaiting the final approval of the regulator. The dismissal was followed by one Similar decision Regarding the crypto unit of Robinhood.
In the past week, the SEC also concluded his enforcement actions against Uniswap Labs and Gemini, while Tron founder Justin Sun tries to end The lawsuit of the protocol with the regulator.
