SEC Sues Consensys Over MetaMask Staking, Broker Allegations
The SEC alleged that MetaMask acted as an unregistered securities broker and that its staking service violated securities laws.

The SEC said MetaMask's Lido and Rocket Pool integrations amounted to "investment contracts," suggesting the agency views their popular stETH and rETH liquid staking tokens as unregistered securities.

Consensys collects a fee for providing this service and, according to the SEC's suit, facilitated more than 36 million crypto transactions over the past four years. The SEC said that "at least 5 million" of these transactions involved "crypto asset securities."

Consensys previously sued the SEC to try and block the regulator from filing Friday's suit.