Let’s say it’s Ripple 
$1’s turn as we have already seen positive discrimination reflected in the XRP Coin price for a long time. The SEC has recently dropped several significant cryptocurrency cases and investigations. Although this situation brings promising developments for cryptocurrency enthusiasts in the short, medium, and long term, there are numerous reasons behind the overall market decline.
MetaMask Investigation
After the regulatory body under Gensler targeted the Ethereum 
$1,934 ecosystem, it granted approval for the ETH ETF. However, it initiated a battle against major players in the network and demanded detailed disclosures of their relationships with the Ethereum Foundation and several protocols. While this move could be seen as a step towards the dismantling of the largest blockchain ecosystem, recent news indicates that Consensys and the SEC have reached a principle agreement to close the MetaMask investigation.
Joseph Lubin, founder of Consensys, shared the positive news by stating:
“I am pleased to announce that Consensys and the SEC have reached a principled agreement regarding the dismissal of the securities enforcement action related to MetaMask. Subject to the Commission’s approval, the SEC will submit a stipulation to the court that effectively closes the case. We were determined to fight this case to the end, but we welcome this outcome.”
“Both at Consensys and among developers in the sector, there is a desire for a better world and a demand for someone to stand beside them in the fight for their rights. Therefore, when it became clear that Ethereum was the next target, we litigated against the SEC, which ultimately led to the SEC dropping its investigation into Ethereum. Each legal and political victory may involve tough struggles, but they each represent significant steps toward a better financial system and an improved internet.”
“We appreciate the SEC’s new management and their innovation and investor-friendly path. Moving forward, we will continue to maintain deep relationships with public and private policymakers. The crypto sector aims to best serve the interests of both consumers and businesses in the U.S., and we are on the path to achieving that.”
