YEREVAN (CoinChapter.com) — The U.S. Securities and Exchange Commission (SEC) has ended its case against Consensys, stating that MetaMask does not violate securities laws. Consensys CEO Joseph Lubin confirmed the decision and acknowledged the regulatory shift.
Lubin stated,
“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.”
He also noted the SEC’s leadership taking a different approach.
This is the sixth dropped case against crypto firms within a week. However, the Ripple (XRP) lawsuit remains unresolved with no updates from the SEC.
Joseph Lubin Announces SEC Dropping MetaMask Case, Emphasizes Blockchain Rights. Source: XSEC’s Private Meeting Raises Ripple Speculation
While the SEC closed its case against MetaMask, it held a closed-door meeting regarding enforcement actions. The meeting agenda included litigation resolutions and enforcement proceedings.
Analysts speculate that Ripple Labs may have been a topic. The SEC has not provided official details, but its recent regulatory actions suggest ongoing reviews of enforcement policies.
SEC Holds Closed Meeting on Litigation Resolution Amid Coinbase and Consensys Case Dismissals. Source: XSEC Reduces Crypto Enforcement but Keeps XRP Case Open
In recent months, the SEC has dropped or settled multiple lawsuits. The agency dismissed its Coinbase case and engaged in discussions with Tron. In February 2025, the SEC and Justin Sun, founder of Tron, jointly requested a federal court to pause their civil fraud lawsuit to consider a potential settlement. The lawsuit, initiated in March 2023, accused Sun and his companies—Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc.—of unregistered sales of TRX and BTT tokens, market manipulation through wash trading, and undisclosed payments to celebrities for promotions. Both parties proposed a 60-day stay to facilitate settlement discussions.
Despite this, the Ripple lawsuit continues after more than three years. The case is significant for the crypto industry, with XRP holders demanding updates. Social media discussions frequently mention the lawsuit, questioning the lack of resolution.
XRP Community Reacts to SEC Meeting Amid Silence on Ripple Lawsuit. Source: XAnalyst James Seyffart noted,
“Crypto Twitter is focused on whether the SEC will drop its case against Ripple.”
No Indication SEC Will Drop Ripple Lawsuit
The SEC v. Ripple lawsuit continues with no confirmed updates. The agency has made no public comments on its next steps.
Recent enforcement trends show a reduction in legal actions against crypto firms. Above all, industry participants are watching to see if the SEC will address Ripple Labs in the same manner.
The post SEC Ends Case Against MetaMask but No Update on Ripple Lawsuit appeared first on Coinchapter.
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