SEC Sues Ethereum’s ConsenSys Over Lido And Rocket Pool Offerings
The SEC filed a lawsuit against ConsenSys, alleging it violated securities laws by operating as an unregistered broker and dealer, amassing fees exceeding $250 million. The lawsuit targets ConsenSys' services for "crypto securities," including the swapping of crypto assets through MetaMask and Ethereum staking services. Notably, the SEC did not name Ethereum as one of the unregistered securities offered by ConsenSys. This lawsuit represents another front in the SEC’s ongoing campaign against major players in the crypto industry, highlighting regulatory uncertainties. ConsenSys is engaged in an ongoing lawsuit against the SEC in Texas, criticizing the agency's actions as an "anti-crypto agenda." ETH was trading at $3,777 at the time of writing.
