The US Securities and Exchange Commission has left its case against the Atherium Software Developer Consider, leading to another regulator win for the digital asset industry.
Metamaska manufacturers unanimously became the latest cryptocurrency and decentralized finance provider, who were getting relief from a federal investigation launched till 27 February under the leadership of previous securities and exchange commissions.
Joseph Lubin, the founder of the concepts and co-founder of the atherium, said that both were sides reached One-principle agreement to end SEC investigation.
The consensus was one of the several crypto firms investigated by the agency in 2024. The SEC alleged that Lubin’s blockchain developer, through its metamask non-Custodial wallet, failed to operate as an unregistered securities broker and implement standard consumer safety measures.
The case was made on the basis that most of the cryptocurrency securities and must be registered with SEC, the position of former SEC President Gary Gansler strongly advocated.
In addition, the case against the consensus, and a counter-suit by Lubin’s firm, investigated a one-year SEC investigation in the blockchain of the atherium. The investigation was removed after the manufacturer of the Metamsask challenged the agency’s claims.
Lubin said in an X post, “We were committed to fighting this suit until it was bitter, but welcomed this result.”
Many crypto service providers have received similar updates from SEC this year, when Donald Trump took over and acting president Mark Uyada made Jensor a success.
At the press time, SEC has not demolished its cases against coinbase, opinia, robinhood, uniswap and Gemini. The agency’s Crypto Task Force also considered the closure of the cases against Justin Sun, the founder of Binens and Tron.
