# Consensys Sues the SEC to Defend the U.S. Ethereum Community

Source: https://consensys.io/crypto-regulations/defend-ethereum
Kiwi News: https://news.kiwistand.com/stories/Consensys-Sues-the-SEC-to-Defend-the-US-Ethereum-Community?index=0x662aaee6c8e6119056083351c44138e601e5b75bdb097d98816e2fec91858d76987504e1
Submitted by pedrovilela.eth on 2024-04-25 UTC, 10 upvotes, 1 comment

## Summary

Consensys and the SEC have agreed in principle to dismiss the securities enforcement case concerning MetaMask, pending Commission approval, according to Consensys. The SEC would file a stipulation with the court that effectively closes the case. Consensys says its lawsuit against the SEC caused the agency to drop its Ethereum investigation, and it credits Matt Corva and its legal team for the work.

## Article

I'm pleased to announce that Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be dismissed. Subject to the approval of the Commission, the SEC will file a stipulation with the court that effectively closes the case. We were committed to fighting this suit until the bitter end but welcome this outcome. No company wants to be the target of agency 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, as I’m sure our industry peers who also stood up against regulatory overreach would tell you.

Devs both here at Consensys and across the space are building a better world and deserve to have someone in their corner fighting for their rights. That is why we sued the SEC when it became clear that Ethereum was the next target, a lawsuit that actually caused the SEC to drop their Ethereum investigation. 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.

I am grateful to Matt Corva and our legal team for their exceptional work and the entire Consensys family, whose passion and commitment has never once wavered. 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. Crypto wants the U.S. to address the best interests of consumers and businesses alike, and we are already on our way to making that happen.

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.

## Comments

**tim**: Haha guess one of them played their Uno reverse card

https://twitter.com/theblockupdates/status/1783560648867172442