The Future of Crypto in the United States: Consensys CEO Joe Lubin Optimistic
As the U.S. Securities and Exchange Commission’s lawsuit against Ethereum software firm Consensys nears its end, founder and CEO Joe Lubin is feeling optimistic about the future of crypto in the United States. Lubin, who is also a co-founder of Ethereum, believes that there has been a significant shift in the regulatory landscape between the administrations of former President Joe Biden and Donald Trump.
Speaking with Decrypt at ETH Denver 2025, Lubin expressed his satisfaction with the current state of affairs, stating, “We’re now having constructive discussions with the SEC, instead of facing irrational attacks.” He added that the company feels liberated and excited to operate in an America that embraces decentralization and innovation.
During the 2024 presidential campaign, then-candidate Trump promised a more favorable environment for crypto in the United States. However, in July 2024, the SEC sued Consensys over MetaMask’s staking service, alleging the unregistered offer and sale of securities. Many in the industry criticized the SEC’s actions as regulation by enforcement rather than providing clear guidelines for blockchain companies.
On Thursday, Consensys announced that the SEC had agreed to end the lawsuit, pending commissioner approval. This development comes as the SEC closes investigations and dismisses active lawsuits against other major crypto firms, including Coinbase, Robinhood, Uniswap Labs, and OpenSea.
Despite the legal challenges, Consensys has seen growth, particularly with its MetaMask wallet. At ETH Denver, MetaMask revealed support for Bitcoin and Solana in addition to Ethereum, expanding its offerings to a wider range of cryptocurrencies.
Lubin noted that U.S. government agencies have become more open to blockchain technology and cryptocurrency since Trump took office. “Other parts of the government are recognizing our technology and exploring ways to support it,” he said. “The acceleration of adoption is evident in areas such as stablecoins, market structures, and the intersection of crypto and AI, as seen in David Sacks’ work.”
With the end of the SEC lawsuit and growing government support, the future of crypto in the United States looks promising for Consensys and other blockchain companies.
Edited by James Rubin