SEC Charges Lido and Rocket Pool for Unregistered Securities Offerings

The post SEC Charges Lido and Rocket Pool for Unregistered Securities Offerings appeared first on Coinpedia Fintech News

The SEC in its recent filing noted that The Lido and Rocket Pool staking programs are each offered and sold as investment contracts and, therefore, securities. Investors make an investment of ETH in a common enterprise with a reasonable expectation of profits from the managerial efforts of Lido and Rocket Pool, respectively. But still, neither Lido nor Rocket Pool has filed a registration statement with the Commission for the offer and sale of these investment Contracts. It further included that With MetaMask Swaps and MetaMask Staking, Consensys has inserted itself into the U.S. securities markets, yet failed to act by the provisions of the federal securities laws it is subject to.