Lido and Rocket Pool Tokens Drop After SEC Files Lawsuit Against Consensys
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Lido DAO (LDO) and Rocket Pool (RPL) prices dropped sharply on Friday. Currently, LDO is down 15% and RPL is down 10%, due to recent regulatory news. The price of Ethereum (ETH) also fell, losing nearly 3%. Maker (MKR), Uniswap (UNI), and Arbitrum (ARB) also traded lower.
This decline is linked to the US Securities and Exchange Commission (SEC) suing Consensys, the Ethereum software company that developed the MetaMask crypto wallet.
The SEC recently concluded its investigation into Ethereum 2.0, indicating a change in the regulator’s outlook on altcoins. Notably, in May, the SEC approved spot Ethereum ETFs for the US market.
Despite this positive development, there remains a looming issue—the SEC’s Wells Notice against Consensys.
