Consensys fully expected the SEC to follow through on its threat to claim our MetaMask software interface must register as a securities broker. The SEC has been pursuing an anti-crypto agenda led by ad hoc enforcement action. This is just the latest example of its regulatory overreach - a transparent attempt to redefine well-established legal standards and expand the SEC’s jurisdiction via lawsuit. We are confident in our position that the SEC has not been granted authority to regulate software interfaces like MetaMask. We will continue to vigorously pursue our case in Texas for ruling on these issues because it matters not only to our company but the future success of web3.
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❗️SEC sues ConsenSys (developers of ETH and MetaMask) ➡️Reason: ETH staking service in their MetaMask wallet, the commission states that: staking is a transaction with securities, and the broker must be officially registered. The Lido Finance and Rocket Pool projects were also accused. 🟢An interesting thing is that LDO has been growing against the market all the time, even during a strong correction - now there is a cascade of liquidations and capitulation, in fact, the market-beating growth has simply been “reset to zero”, but don’t forget about LDO’s competitor - the ETHFI project, after the news, MM pushed up the price with large buy orders, they “don’t panic” and buy out panic, ETHFI stands still, only LDO and RPL are adjusted, I think it’s too early to “bury” liquid staking, I don’t see panic among large capital. In any case, I keep this matter under control, I don’t sell my LDO, if something changes, I’ll notify you❤️✌️🙏
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We're currently in internal testing ... I just won 120 $DEGEN in Gate of Degen! @degengate
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