Consensys Founder Is Optimistic as US SEC Ends Major Crackdowns

The crypto sector is getting a fresh start in the United States. The founder of Consensys and co-creator of Ethereum (ETH), Joe Lubin is hopeful about this change . The U.S. Securities and Exchange Commission (SEC) is expected to drop its lawsuit against his Ethereum software firm. Lubin believes this could open new doors for blockchain growth. Speaking at Ethereum Denver 2025, Lubin said the U.S. government’s view on crypto is changing for good. He believes this shift is because President Donald Trump took office in January after defeating Joe Biden in the November 2024 elections. Crypto in the U.S: From Hostility to Cooperation Under former Chairman Gary Gensler, the SEC was seen as unfriendly and unclear about crypto rules . Many in the industry accused the agency of relying on enforcement instead of giving clear guidelines. In July 2024, the SEC sued Consensys, claiming its MetaMask staking service was selling unregistered securities. Fast forward to 2025, things are changing. On Thursday, Consensys said the SEC had agreed to drop the case and is awaiting final approval. The SEC has also ended lawsuits and investigations into other big crypto firms, including Coinbase, Robinhood, Uniswap Labs, and OpenSea . A New Administration, A New Approach Lubin thinks the Trump administration has changed how the government sees crypto in a good way. Unlike the previous government, which he described as restrictive, the new leadership appears open to the potential of blockchain technology. President Trump had already signaled his support for the crypto sector during his electoral campaign in 2024. He vowed to create a more favorable environment for blockchain businesses in the U.S. Now, Lubin sees that promise turning into action. Consensys and MetaMask Expand Amid Regulatory Relief The SEC’s decision comes at a time of growth for Consensys. At the public event, the company announced that its popular MetaMask wallet will now support Bitcoin (BTC) and Solana (SOL), expanding beyond Ethereum (ETH) and other EVM-compatible chains. This change shows that MetaMask is growing into a platform that supports many blockchains, making it more useful for people worldwide. For Lubin and other blockchain leaders, the new rules mean more than just stopping lawsuits. It shows that the U.S. is now open to crypto innovation instead of blocking it. The post Consensys Founder Is Optimistic as US SEC Ends Major Crackdowns appeared first on TheCoinrise.com .