SEC Sues Consensys

🔴The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys Software, accusing the company of selling unregistered securities. The regulator claims that Consensys positions itself as a platform for buying and selling crypto assets, recommends transactions at the “best” prices, and earns commissions based on transactions.

🔴The SEC argues that two securities offered by Consensys — Lido and Rocket Pool — are unregistered securities. The SEC’s claims align with Consensys’ previous lawsuit against the regulator. Last summer, the SEC filed lawsuits against both Coinbase and Binance, alleging they were also offering and selling unregistered securities.