Ethereum

United

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/sec-sues-consensys-over-unregistered-services" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Sues Consensys Over Unregistered Services</a><br></p>
<p style="text-align: justify">Breaking <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">news</a> has arrived within the last 30 minutes, indicating that the United States is in a flurry of activity today. With it being the final day of the week, the SEC employees are pushing to finalize their tasks before shutting down. For those inquiring about the key points, pivotal issues are at hand.</p>
<h2 id="what-actions-did-the-sec-take-against-consensys">What Actions Did the SEC Take Against Consensys?</h2>
<p style="text-align: justify">The SEC has officially filed a lawsuit against Consensys, the company behind MetaMask. This follows a prior Wells Notice concerning the unauthorized integration of staking and swap functionalities into their wallet service. The SEC categorizes unregistered staking services and swap activities as criminal offenses. Existing lawsuits already target the sale of unregistered securities and staking services deemed securities.</p>
<h2 id="why-is-the-sec-focusing-on-ethereum-staking-services">Why Is the SEC Focusing on Ethereum Staking Services?</h2>
<p style="text-align: justify">After the approval of the ETH ETF, the expectation was that the Ethereum ecosystem would be left untouched. However, mere hours after President Biden’s televised defeat against Trump, a lawsuit was announced against Consensys. Additionally, the SEC considers staking services by Lido and Rocketpool as unregistered <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investment</a> contracts or securities. Both platforms saw significant gains during the Ethereum Merge, and now, these profits are expected to be reclaimed by the US.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>SEC’s actions target unregistered staking and swap services integrated into MetaMask.</li>
 <li>Legal implications for Consensys could affect MetaMask users.</li>
 <li>Staking services by Lido and Rocketpool are also under scrutiny for unregistered securities.</li>
 <li>Potential market volatility for Ethereum following the ETH ETF listing amid these lawsuits.</li>
</ul>
<p style="text-align: justify">In summary, the SEC is targeting Consensys, the company behind MetaMask, and the two largest staking platforms on the Ethereum network. The legal process and its implications will unfold in the wake of the ETH ETF listing. This situation represents a rare intersection of regulatory action and market dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/sec-sues-consensys-over-unregistered-services" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Sues Consensys Over Unregistered Services</a></h5>

SEC Sues Consensys Over Unregistered Services

Innehållsförteckning

BH NEWS

Andra artiklar publicerade 28 juni 2024

Crypto: Solana jumps 8.7% following VanEck announcement

Bitcoin (BTC) Price Might Retest $66,000 If This 'Adam and Eve' Pattern Validates

BTC Merosot, Tapi Ada Prediksi Pembalikan Harga yang Menanti!

SEC Files Lawsuit Against MetaMask’s Parent Company

Latest Meme Coin To Buy Right Now, Friday, June 28 – Sealana, AMC, PUPS, Dogecoin

How BlockDAG’s $54.3M Presale Captivates Investors While BCH and Polkadot Prices Decline

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!