📉 Friday was a tough day for Lido DAO (LDO) and Rocket Pool (RPL), with their prices plummeting by 15% and 10% respectively. The market is reacting to the latest regulatory news.

Ethereum (ETH) price was also down almost 3%, with Maker (MKR), Uniswap (UNI) and Arbitrum (ARB) also trading lower. The drop is due to a lawsuit by the US Securities and Exchange Commission (SEC) against Consensys, the company behind the MetaMask cryptocurrency wallet.

The SEC filed a lawsuit against Consensys after completing its investigation into Ethereum 2.0. The lawsuit alleges that Consensys violated federal securities laws by failing to register as a broker-dealer and offering unregistered securities.

“Specifically, Consensys offered and sold tens of thousands of securities to two issuers: Lido and Rocket Pool,” the SEC complaint states.