Let’s take a look at the latest report from Golden Finance first!
The U.S. Securities and Exchange Commission has returned the Form S-1 to potential Ethereum ETF issuers with a few comments, asking them to fix the issues and resubmit.
According to the SEC, the information you submitted is not enough, so I will not approve it this time. I will give you a few days to prepare the information and submit it to me before July 8. I will take a look at it then, so go back and wait for my notification!!!
That is to say, it will take some time for Ethereum’s ETF to be approved! The altcoins are also having a hard time!
Look at this again!
Consensys, the parent company of Metamask, the little fox wallet we often use, was officially sued by the U.S. Securities and Exchange Commission (SEC) yesterday (28). The SEC accused MetaMask's Swap and pledge products of violating federal securities laws. Consensys has been operating as an unregistered broker since 2020 and has engaged in unregistered securities issuance and sales through MetaMask.
The SEC wrote in the complaint that MetaMask allows users to buy and sell digital assets directly within the app through its "Swap" service. Consensys charges fees for this service and has facilitated more than 36 million cryptocurrency transactions in the past four years. The SEC claims that at least 5 million of these transactions involved "crypto asset securities."
These crypto asset securities include Polygon (MATIC), Mana (MANA), Chiliz (CHZ), Sandbox (SAND), and Luna (LUNA), which were classified as securities in previous SEC lawsuits, and the SEC also hinted that other digital assets may also be securities.
ConsenSys collected more than $250 million in fees through its unregistered crypto asset brokerage and staking services, depriving investors of important investor protections. The SEC seeks a permanent injunction, civil penalties, and other equitable relief against ConsenSys for its alleged violations of the federal securities laws.
The enforcement action confirms long-standing concerns in the industry that the SEC is still trying to keep the flow of ETH derivatives under control despite the likelihood of ETH being classified as a security significantly reduced following the unexpected approval of a key Ethereum spot ETF document last month. As collateral tokens, Lido’s stETH and Rocket Pool’s rETH are considered securities.
When you read the news in the cryptocurrency circle, you will see that the SEC is the one causing all the trouble. Now, whoever has money will be investigated by the SEC! To put it bluntly, it is a disguised form of collecting protection money!
The recent market is still volatile, a process of washing the market, try not to operate with a full position! Try to clear out the coins named by the SEC and wait to avoid being stuck at a high position in the later stage. Always keep some U! Wait for the opportunity to kill with one blow!
