{"id":333544,"date":"2024-06-28T23:55:03","date_gmt":"2024-06-28T18:25:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=333544"},"modified":"2024-06-28T23:55:03","modified_gmt":"2024-06-28T18:25:03","slug":"sec-targets-ethereum-liquid-staking-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sec-targets-ethereum-liquid-staking-crypto-news\/","title":{"rendered":"SEC Targets Ethereum Liquid Staking – Crypto News"},"content":{"rendered":"

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The lawsuit alleging Lido and Rocket Pool are violating securities laws comes less than two weeks after the SEC dropped its Ethereum investigation.<\/p>\n

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The SEC has filed a lawsuit<\/a> against blockchain software firm Consensys, claiming that Lido and Rocket Pool\u2019s liquid staking programs constitute unregistered securities.<\/p>\n

The lawsuit targets Consensys, alleging that the company offers these securities in unregistered transactions through its \u201cMetamask Staking\u201d platform.<\/p>\n

Lido<\/a> and Rocket Pool are two of the largest liquid staking protocols on Ethereum and hold a combined $37.6 billion in staked TVL, per DeFiLlama. The protocol’s native tokens fell promptly, with LDO plummeting 12% in 30 minutes.<\/p>\n

<\/p>\n

LDO Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

This news comes just 10 days after the SEC notified Consensys that it was closing<\/a> its ongoing investigation into Ethereum 2.0 and that the agency would not be pursuing enforcement action against Consensys.<\/p>\n

Consensys\u2019 public letter following the investigation’s closure implied that its legal battle with the SEC was far from over.<\/p>\n

The firm stated<\/a>, \u201cIt is imperative that the SEC abandon its unprincipled and opaque regulation by enforcement campaign in favor of much-needed regulatory clarity for an industry that serves as the backbone to countless new technologies and innovations.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The lawsuit alleging Lido and Rocket Pool are violating securities laws comes less than two weeks after the SEC dropped its Ethereum investigation. The SEC has filed a lawsuit against blockchain software firm Consensys, claiming that Lido and Rocket Pool\u2019s liquid staking programs constitute unregistered securities. The lawsuit targets Consensys, alleging that the company offers […]<\/p>\n","protected":false},"author":2,"featured_media":333588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-333544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/333544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=333544"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/333544\/revisions"}],"predecessor-version":[{"id":333590,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/333544\/revisions\/333590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/333588"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=333544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=333544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=333544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}