The U.S. Securities and Exchange Commission filed a lawsuit against Ethereum software provider Consensys on Friday over its MetaMask service, alleging that the wallet tool was an unregistered broker “engaged in the business of offering and selling securities.” The SEC’s lawsuit also targeted Ethereum staking services Lido (LDO) and Rocket Pool (RPL), the third-party platforms … Read more
Ethereum has received a celebratory boost in otherwise fallow markets after it was announced late yesterday that the Securities and Exchange Commission has closed its “Ethereum 2.0” investigation, according to Consensys. Consensys sued the SEC in April. In its complaint, the company said the SEC had tried to “regulate ETH as a security, even though … Read more
The crypto regulation bill passed the U.S. House of Representatives on a bipartisan basis. The FIT21 bill promises to give commodity regulators more oversight of digital assets. The bill may not pass the next stage in the Senate. President Joe Biden does not support the bill but said he would not veto it. The US … Read more