The SEC has filed a lawsuit against blockchain software firm Consensys, claiming that Lido and Rocket Pool’s liquid staking programs constitute unregistered securities.
The lawsuit targets Consensys, alleging that the company offers these securities in unregistered transactions through its “Metamask Staking” platform.
Lido 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.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
#undefined [Source: TheDefiant]