The United States Securities and Exchange Commission (SEC) has sued Consensys, the parent company of the MetaMask cryptocurrency wallet and the Linea blockchain.

The SEC alleges that the ETH staking programs of MetaMask, Lido, and Rocket Pool are securities and have not been registered according to regulations.

Consensys allegedly profited $250 million in transaction fees for these illegal staking activities.

LDO, RPL and ETH token prices dropped sharply after the information was announced.

ETH staking may be limited or outright banned.

The SEC's control over the cryptocurrency market could be enhanced.

The price of ETH and other crypto assets may decrease in the short term.

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