“Since at the least January 2023, Consensys has supplied and offered tens of hundreds of unregistered securities on behalf of liquid staking program suppliers Lido and Rocket Pool, who create and problem liquid staking tokens (referred to as stETH and rETH) in trade for staked belongings,” the SEC mentioned. “Whereas staked tokens are typically locked up and can’t be traded or used whereas they’re staked, liquid staking tokens, because the title implies, may be purchased and offered freely.”