# Breaking News: SEC Withdraws Legal Action Against Consensys
The SEC is retreating from digital currency legal disputes at an unforeseen rate.
The Securities and Exchange Commission (SEC) has provisionally consented to dismiss its legal action against the software creation company Consensys. UPS Stock Could Reach a Five-Year Nadir
As stated by Consensys CEO Joseph Lubin, the SEC is on the verge of submitting a deal with the court that will efficiently conclude the matter.
The agency initially asserted that Consensys, the Ethereum programmer responsible for the well-known Metamask wallet, was breaching securities regulations by supposedly functioning as an unauthorized agent.
Lubin anticipates that 2025 will represent the peak year thus far for Ethereum and Consensys. He further mentioned that the transition toward a more distributed world is gaining momentum.
“We value the SEC’s fresh direction and the course they are pursuing that is advantageous for advancement and advantageous for stakeholders,” Lubin affirmed.
