2025-03-27 sec-litreleases pdf 573 KB 3,054 chars

SEC v. Consensys Software Inc., No. 1:24-cv-04578, Eastern District of New York (Mar. 27, 2025)

raw: Defendant Consensys Software Ine. (the "Defendant) respectfully submit this joint stipulation.

Defendant Consensys Software Ine. (the "Defendant) respectfully submit this joint stipulation., No. 1:24-cv-04578 (Mar. 27, 2025)

Caption: SEC v. Consensys Software Inc

Exhibit of Consensys Software Inc.

Source PDF JSON

summary

The SEC and Consensys Software Inc. entered a joint stipulation to dismiss a civil enforcement action with prejudice, involving no monetary penalties or admissions of wrongdoing.

paragraph

The SEC and Consensys Software Inc. agreed to dismiss the civil enforcement action filed on June 28, 2024, with prejudice. The dismissal was reached without costs or fees to either party and does not include specific monetary penalties or disgorgement. As part of the agreement, Consensys waived its rights to seek reimbursement for attorney's fees or legal expenses related to the litigation.

narrative

The Securities and Exchange Commission (SEC) and Consensys Software Inc. have entered into a joint stipulation to dismiss a civil enforcement action with prejudice. Originally filed on June 28, 2024, the litigation was dismissed following the SEC's decision to launch a new crypto task force under Acting Chairman Mark T. Uyeda. The dismissal covers all conduct alleged in the complaint through the date of the stipulation and involves no costs or fees for either party. In the agreement, Consensys waived all rights to seek reimbursement for attorney's fees or expenses under the Equal Access to Justice Act. Additionally, the defendant released all claims and causes of action against the SEC and its officers arising from the litigation. The SEC noted that this dismissal is a policy matter and does not reflect its position on other cases. The stipulation was formally dated February 26, 2025.

Enriched metadata

Scheme: non-corporate (100%)
Court: Eastern District of New York
Case No.: 1:24-cv-04578

Classified non-corporate(confidence 100%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →

Extracted insights

Entities 8

agency claims against sec
company consensys software inc.
person crypto task force
person dismiss litigation
person joint stipulation
person mark t. uyeda
agency sec and consensys software inc.
agency Securities and Exchange Commission

Triples 6

SEC Filed Complaint
Mark T. Uyeda Launched Crypto Task Force
SEC and Consensys Software Inc. Submit Joint Stipulation
SEC and Consensys Software Inc. Agree to Dismiss Litigation
Consensys Software Inc. Waive and Release Rights Under Equal Access To Justice Act
Consensys Software Inc. Waive and Release Claims Against SEC

PDF

Defendant Consensys Software Ine. (the "Defendant) respectfully submit this joint stipulation. · Source

Text layers

Extracted body text (3,054c)

UNITEDSTATES DISTRICT COURT FOR THE
EASTERNDISTRICT OF NEWYORK
SECURITIES AND EXCHANGECOMMISSION.
Plaintiff.
v.
CONSENSYS SOFTWARE INC..
Defendant.
24 Ci. 4578 (MKB)TAM)
JOINT STIPULATION IQ DISMISS,ADRELEASES
Plaintiff Securities and Exchange Commission(the "Commission" or the "SEC") and
Defendant Consensys Software Ine. (the "Defendant) respectfully submit this joint stipulation.
WHEREAS, the Commission filed its complaint inthis civil enforcement action(the
Litigation") on June 28. 2024.
WHEREAS, on January 21. 2025. the Commission's Acting Chairman Mark T. Uyeda
launched a erypto task force dedicated to helping the Commission further develop the regulatory
framework for crypto assets.
WHEREAS, in light ofthe foregoing. and in the exercise of its discretion and as a policy
matter. the Commissionbelieves the dismissal ofthis case is appropriate.
WHEREAS, the Commission's decision to seek dismissal ofthis Litigation does not
necessarily reflect the Commission's position onany other case.
WHEREAS, by this stipulation. the Commission andthe Defendant agree to have this
Litigation dismissed.
NOW,THEREFORE,
I.Pursuant to Fed.R.Civ.P. 4I(a)1)A)ii). the Commissionand the Defendant
stipulate that this Litigation be dismissed with prejudice as to the conduct alleged in the

274

Complaint throughthedateofthefilingofthis Stipulation, andwithout costsorfees toeither
party.
Defendant. for itselfand any of its agents, attorneys. employees. or
representatives. hereby waive and release
a. Any and all rights under the Equal Access to Justice Act, the Small Business
Regulatory Enforcement Fairness Act of 1996. or any other provision of law to
seek from the United States. or any agency. or any official of the United States
acting in his or her official capacity. directly or indirectly, reimbursement of
attorney's fees or other fees, expenses. or costs expended by Defendant that in
any way relate to the Litigation., including but not limited to investigative steps
taken prior to commencing the Litigation.
Any and all claims, demands. rights, and causes of action of every kind and
nature. asserted or unasserted. against the Commission and its present and
former officers or employees that arise from or in any way relate to the
Litigation, including but not limited to investigative steps taken prior to
commencing the Litigation.
3,Each of the undersigned represents that they have the authority to execute this
stipulation on behalf ofthe party so indicated.
STIPULATED ANDAGREED:
ER.=
Acting Director
ANTONIA M APPS
Acting Deputy Director
Enforcement Division
SECURITIES AND EXCHANGE
COMMISSION
ii.
uel Wasserman
n Kuruvilla
New York Regional Office
100 Pearl Street, Ste 20-100
New York. NY 10004-2616
2%=.±s
Noah B. Yavitz
Adam M. Gogolak
WACHTELL. LIPTON. ROSEN& KATZ
51 West 52nd Street
New York. NY 10019
Counselfor Defendant Consensys
Software Ince
Dated: February 26 .2025

275

Mare J. Jones
Boston Regional Office
33 Arch Street, 24" Floor
Boston, MA 02110
Counsel For PlaintiffSecurities and
Exchange Commission
3

276

OCR text (3,374c · tika · 95% conf)

UNITEDSTATESDISTRICT COURT FORTHE
EASTERNDISTRICT OFNEWYORK

SECURITIES AND EXCHANGECOMMISSION.

Plaintiff.

v.
CONSENSYS SOFTWARE INC..

Defendant.

24 Ci. 4578 (MKB)TAM)

JOINT STIPULATION IQ DISMISS,ADRELEASES

Plaintiff Securities and Exchange Commission(the "Commission" or the "SEC") and

Defendant Consensys Software Ine. (the "Defendant) respectfully submit this joint stipulation.

WHEREAS, the Commission filed its complaint inthis civil enforcement action(the

Litigation") on June 28. 2024.

WHEREAS, on January 21. 2025. the Commission 's Acting Chairman Mark T. Uyeda

launched a erypto task force dedicated to helping the Commission further develop the regulatory

framework for crypto assets.

WHEREAS, in light of the foregoing. and in the exercise of its discretion and as a policy

matter. the Commissionbelieves the dismissal of this case is appropriate.

WHEREAS, the Commission's decision to seek dismissal of this Litigation does not

necessarily reflect the Commission's position onany other case.

WHEREAS, by this stipulation. the Commission and the Defendant agree to have this

Litigation dismissed.

NOW,THEREFORE,

I. Pursuant to Fed.R.Civ.P. 4I(a)1)A)ii). the Commissionand the Defendant

stipulate that this Litigation be dismissed with prejudice as to the conduct alleged in the

Case 1:24-cv-04578-MKB-TAM Document 25 Filed 03/27/25 Page 1 of 3 PageID #:
274

Complaint through the date of the filing of this Stipulation, and without costs or fees to either

party.

Defendant. for itself and any of its agents, attorneys. employees. or

representatives. hereby waive and release

a. Any and all rights under the Equal Access to Justice Act, the Small Business
Regulatory Enforcement Fairness Act of 1996. or any other provision of law to
seek from the United States. or any agency. or any official of the United States
acting in his or her official capacity. directly or indirectly, reimbursement of
attorney's fees or other fees, expenses. or costs expended by Defendant that in
any way relate to the Litigation., including but not limited to investigative steps
taken prior to commencing the Litigation.

Any and all claims, demands. rights, and causes of action of every kind and
nature. asserted or unasserted. against the Commission and its present and
former officers or employees that arise from or in any way relate to the
Litigation, including but not limited to investigative steps taken prior to
commencing the Litigation.

3, Each of the undersigned represents that they have the authority to execute this

stipulation on behalf of the party so indicated.

STIPULATED ANDAGREED:

ER.=
Acting Director
ANTONIA M APPS
Acting Deputy Director
Enforcement Division
SECURITIES AND EXCHANGE
COMMISSION

ii.
uel Wasserman

n Kuruvilla
New York Regional Office
100 Pearl Street, Ste 20-100
New York. NY 10004-2616

2%=.±s
Noah B. Yavitz
Adam M. Gogolak
WACHTELL. LIPTON. ROSEN& KATZ
51 West 52nd Street
New York. NY 10019

Counselfor Defendant Consensys
Software Ince

Dated: February 26 .2025

Case 1:24-cv-04578-MKB-TAM Document 25 Filed 03/27/25 Page 2 of 3 PageID #:
275

Mare J. Jones
Boston Regional Office
33 Arch Street, 24" Floor
Boston, MA 02110

Counsel For PlaintiffSecurities and
Exchange Commission

Case 1:24-cv-04578-MKB-TAM Document 25 Filed 03/27/25 Page 3 of 3 PageID #:
276

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