“Since no less than January 2023, Consensys has supplied and bought tens of 1000’s of unregistered securities on behalf of liquid staking program suppliers Lido and Rocket Pool, who create and situation liquid staking tokens (referred to as stETH and rETH) in trade for staked belongings,” the SEC stated. “Whereas staked tokens are usually locked up and can’t be traded or used whereas they’re staked, liquid staking tokens, because the identify implies, will be purchased and bought freely.”