The Securities and Exchange Commission (SEC) has reached a preliminary agreement to dismiss its lawsuit against Consensys, a prominent Ethereum software company known for its MetaMask wallet. This decision marks a significant moment for the company and the broader blockchain community.

Joe Lubin, the founder and CEO of Consensys, announced on social media that the SEC plans to submit a stipulation to the court to close the case, pending approval from the commissioners. Lubin expressed his relief regarding this outcome, emphasizing the company’s commitment to defending blockchain software developers against regulatory challenges.

This development follows a series of recent SEC actions aimed at resolving investigations and lawsuits involving other notable companies in the financial technology sector. Such movements indicate a potential shift in the regulatory landscape for blockchain and cryptocurrency businesses.

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