SEC Files Lawsuit Against Unregistered Consensys Services Latest Cryptocurrency News

CoinGeek News Report:
In the past 30 minutes, breaking news has emerged indicating that the United States is currently in a state of chaos. As it is the last day of the week, employees of the U.S. Securities and Exchange Commission (SEC) are working diligently to complete their tasks before closing. The key questions are right in front of those who inquire.
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1. What actions has the SEC taken against Consensys?
2. Why is the SEC focusing on Ethereum equity services?
3. Three major gains for investors
What actions has the SEC taken against Consensys?
The SEC has officially filed a lawsuit against Consensys, the company behind MetaMask. Prior to this, Wells issued a notice regarding the unauthorized integration of staking and swapping functionalities into its wallet service. The SEC classifies unregistered staking services and swap activities as criminal offenses. The existing lawsuit has been directed towards the sale of unregistered securities and staking services deemed as securities. Visit COINTURK FINANCE for the latest financial and business news.
Why is the SEC focusing on Ethereum equity services?
After the approval of ETH ETF, people expected that the Ethereum ecosystem would not be affected. However, just hours after President Biden defeated Trump on television, Consensys announced the lawsuit. Additionally, the SEC views the staking services of Lido and Rocketpool as unregistered investment contracts or securities. These two platforms have gained significant profits during the Ethereum merge, and now, these profits are expected to be seized by the United States.
Main gains for investors
The SEC’s actions target the unregistered staking and swap services integrated into MetaMask. The legal implications for Consensys may impact MetaMask users. The equity services of Lido and Rocketpool are also under scrutiny for unregistered securities. Potential market fluctuations for Ethereum are expected as a result of these lawsuits after the listing of ETH ETF.
In conclusion, the SEC’s focus is on Consensys, the company behind MetaMask, and the two largest staking platforms on the Ethereum network. Legal proceedings and their impact will unfold after the listing of ETH ETF. This situation represents a rare intersection of regulatory action and market dynamics.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility of cryptocurrencies, which carry risks, and should conduct their own research.