“Since at the least January 2023, Consensys has supplied and bought tens of hundreds of unregistered securities on behalf of liquid staking program suppliers Lido and Rocket Pool, who create and challenge liquid staking tokens (known as stETH and rETH) in trade for staked property,” the SEC stated. “Whereas staked tokens are usually locked up and can’t be traded or used whereas they’re staked, liquid staking tokens, because the identify implies, will be purchased and bought freely.”
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