SEC Strikes Lido and Rocket Pool: Staking Tokens Deemed Securities, Prices Tumble – What’s Next for Investors?
Miami, Florida – The Securities and Exchange Commission (SEC) has once again made headlines for its recent actions against cryptocurrency projects Lido and Rocket Pool. The SEC has categorized the staking tokens of these projects as securities, leading to a significant impact on the market. According to the SEC, the staking programs of Lido and Rocket Pool resemble investment contracts, where investors contribute their cryptocurrency to a shared pool with the expectation of earning profits …