Bitcoin, Web3, Ethereum, and Cryptocurrency Summary:
- Lido DAO (LDO) and Rocket Pool (RPL) prices experience sharp declines due to regulatory news
- SEC sues Consensys after concluding Ethereum 2.0 investigation, impacting Ethereum, Maker, Uniswap, and Arbitrum prices
- Positive market gains for Lido and Rocket Pool following the end of SEC probe on Ethereum 2.0
- SEC alleges Consensys violated securities laws by offering unregistered securities for Lido and Rocket Pool
SEC Lawsuit Against Consensys
In its lawsuit filed in the United States District Court Eastern District of New York, the SEC accuses Consensys of violating federal securities laws by failing to register as a broker dealer and offering unregistered securities, specifically for Lido and Rocket Pool. The staking operations of Lido and Rocket Pool with ETH are seen as profit expectations for investors due to the managerial efforts of the two protocols.
Lido & Rocket Pool Price Movements
Lido (LDO) and Rocket Pool (RPL) prices saw significant increases amidst a market dip after Consensys announced the conclusion of the SEC probe into Ethereum 2.0. LDO surged from $1.85 to $2.40, while RPL jumped from $26.50 to over $30.00, benefitting from various positive catalysts that elevated these altcoins.
