SEC Drops MetaMask Lawsuit, is Ripple Next?
The SEC today dismissed the consensus case and no longer claimed metamask The wallet violates securities regulations. Consensys CEO Joseph Lubin expanded an olive tree to the committee.
This is the sixth legal lawsuit against cryptocurrency companies in a week, but the committee remains silent on its biggest case (XRP lawsuit). But today the Securities and Exchange Commission (SEC) hosted a closed-door meeting on proactive law enforcement cases, and Ripple may be the main focus.
Despite willingness to reduce enforcement actions, the SEC still exists One of the top financial regulators in the United States. Recently, it has been abandoning major law enforcement lawsuits, Like a guy against CoinbaseAnd try Solve another case with Tron.
Today, the SEC is rejecting actions against consensus, especially about the company’s meta-fake wallet.
“I am pleased to announce that the consensus and the SEC agree in principle that the securities enforcement case regarding MetAmask should be dismissed. With the approval of the Commission, the SEC will submit a provision to the Court to effectively close the case.” media.
metamask, Consensys’ Ethereum-based wallet solutionattracted the anger of the SEC Allegedly violated Securities Actleading to litigation.
Despite the bad blood between the two, Lubin’s reconciling tone of the committee pays tribute to “the new leadership of the SEC and the personal innovation, the pro-continuing path.”
The consensus does not seem to have any lasting dissatisfaction with the SEC, but overall it is not. Yesterday, the committee Give up the investigation of Geminihis co-founder Cameron Winklevoss demanded severe penalties.
Will this affect the chain reaction?
It is great that SEC and CONSESYS want to bury the axe, but that doesn’t answer the industry’s most burning law enforcement questions. As one analyst pointed out go outEveryone thought of an open lawsuit: Will the SEC fight against Ripple?
Crypto Twitter is drowning comments about the post to SEC Corrugated litigation. This is no surprise given the recent legal proceedings in history by the Commission and has been in progress for more than 3 years.
SEC V Ripple Case It can be said that Gary Gensler’s most important law enforcement action has far deeper consequences than consensus litigation.
Recently, the committee Trying to stop the proceedingsbut since then, it has not made many public statements. In most cases, the community is in the dark.
However, there are some important clues. As a reporter Notethe U.S. Securities and Exchange Commission held a closed meeting this afternoon. Earlier this month It consulted industry leaders About ETP points, and These conversations have proven to be influential.
Today’s meeting agenda includes “resolving litigation claims and other matters related to examinations and law enforcement procedures.”
In other words, the committee may be consulting with the cryptocurrency industry in an attempt to end its aggressive investigation and litigation in the Gensler era.
For now, there is no evidence that it will soon let go of the ripple effect. However, based on current trends, it seems likely that the SEC will continue to resolve or abandon all targeted enforcement actions Crypto companies.
So for the XRP community it might be a question of when, not.
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