According to a recent news report in the past 30 minutes, it appears 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 hard to complete their tasks before closing. The key questions are right in front of those who are asking.
1. What actions has the SEC taken against Consensys, the company behind MetaMask?
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 services. The SEC classifies unregistered staking services and swap activities as criminal offenses. The existing lawsuit is directed at the sale of unregistered securities and staking services deemed securities. Visit COINTURK FINANCE for the latest financial and business news.
2. Why is the SEC focusing on Ethereum equity services?
After the approval of the ETH ETF, it was expected that the Ethereum ecosystem would not be affected. However, just a few hours after President Biden defeated Trump on television, Consensys announced the lawsuit. Additionally, the SEC considers the staking services of Lydian and Rocketpool as unregistered investment contracts or securities. Both platforms have experienced significant profits during the Ethereum merge, and now these profits are expected to be seized by the United States.
3. The main gains for investors
The SEC’s actions are targeting the unregistered staking and swap services integrated within MetaMask. The legal implications for Consensys could impact MetaMask users. The equity services of Lydian and Rocketpool are also under scrutiny for unregistered securities. These lawsuits are expected to cause potential market fluctuations for Ethereum after the listing of the ETH ETF.
In conclusion, the SEC’s focus is on Consensys, the company behind MetaMask, and the two largest betting platforms on the Ethereum network. Legal proceedings and their impacts will unfold after the listing of the ETH ETF. This situation represents a rare intersection of regulatory actions 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 and the associated risks and should conduct their own research.
