SEC Retreats, MetaMask Expands: Gas-Free Transactions & Multi-Chain Support

MetaMask, a top crypto wallet provider, is now supporting Bitcoin and Solana, stepping away from its mainly Ethereum-based system.

MetaMask, the popular crypto wallet provider, is expanding its services to include Bitcoin and Solana, aiming to become a multi-chain wallet. Moreover, the platform is developing technology for gas-free crypto transactions, further enhancing the user experience. These updates come as the US Securities and Exchange Commission (SEC) has also ended its case against ConsenSys, the wallet’s parent company, marking a less aggressive regulatory tone towards crypto.

MetaMask’s Multi-Chain Expansion: Bitcoin, Solana, and New Horizons

MetaMask, a leading self-custodial wallet, plans to add support for Bitcoin and Solana, stepping away from its mainly Ethereum-based system. The wallet will begin supporting Solana in May, making it the first non-EVM blockchain on MetaMask. Bitcoin support will follow in Q3. With BTC’s market cap at about $1.1T and SOL at $45B, this update seems essential for further adoption.

These updates will position MetaMask as a more all-inclusive wallet, cutting down on the need for multiple platforms. This change is part of an industry-wide shift and push for interoperability in the cryptocurrency space, aiming for easier asset management.

Furthermore, MetaMask is striving to cut down on high transaction fees and enhance the overall user experience. As such, this expansion also helps MetaMask users manage their assets more efficiently across different networks.

One-Click Swaps and No Gas Fees: MetaMask’s Technological Vision

As shown in the image above, MetaMask has revamped its home screen and is now showcasing assets from various blockchains together. This eliminates the need to toggle between networks manually.

Another update in the company’s roadmap is achieving gas-free crypto transactions, aiming to simplify and reduce costs for users. This is because gas fees fluctuate rapidly with network congestion, complicating the transaction process for the users.

Image 1 – Provided by MetaMask, published on Tradingview on Feb 28, 2025

MetaMask is also set to roll out “gas-included swaps,” where fees can be paid in any token, not just ETH. Additionally, the adoption of ERC-5792 will support batching actions like swapping tokens with a single click, saving time and money. This aligns with MetaMask’s commitment to streamline crypto handling for all user levels.

Despite these technological strides, regulatory issues continue to pose challenges. However, recent SEC developments suggest a more pro-crypto stance may be emerging.

The End of Hostility? SEC’s Retreat Sparks Hope

Announcing a significant SEC decision in an X post on Thursday, Joe Lubin, CEO of ConsenSys, revealed that the SEC had concluded its enforcement action against ConsenSys. The MetaMask parent company was previously labeled an unregistered securities broker by the SEC. This turnaround is part of a larger trend, as the SEC has also dismissed cases involving other top crypto organizations.

This crypto regulation update includes moving away from the forceful “regulation by enforcement” method, which was mostly used by ex-Chair Gary Gensler. Rather, the regulator is now focused on applying existing securities rules to crypto in a less hostile manner.

Under the new Acting Chair Mark Uyeda, the SEC will be rolling out more consistent regulations, which may encourage broader crypto adoption and acceptance.

I'm pleased to announce that Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be dismissed. Subject to the approval of the Commission, the SEC will file a stipulation with the court that effectively closes the case.…

— Joseph Lubin (@ethereumJoseph) February 27, 2025

"We are pleased to announce that Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be dismissed," Lubin said. "Subject to the approval of the Commission, the SEC will file a stipulation with the court that effectively closes the case and the parties will make a joint recommendation for dismissal to the court."

The post continues: "The complaint, which was filed in December 2024, focused on the MetaMask crypto wallet service and involved allegations that Consensens had violated federal securities law by operating as an unregistered broker. The complaint also included allegations of unlawful offers and sales of unregistered securities in connection with the company's token sales."

Lubin added: "This case arose in the midst of a broader effort by the SEC to assert jurisdiction over crypto products and activities. We are grateful to the Commission for its willingness to resolve this case in a fair and efficient manner."

Crypto Future: Innovation and Regulation Are Evolving

As MetaMask expands and adapts to the latest SEC crypto regulation update, the crypto landscape is set for significant changes. Should MetaMask manage to incorporate Bitcoin and Solana and eliminate gas fees, it might become the most accessible crypto wallet. This is because such enhancements could prompt widespread adoption by solving some major obstacles in crypto