SEC Might Dismiss Consensys Lawsuit as Staking Takes Center Stage

Recent signals from the U.S. Securities and Exchange Commission (SEC) suggest a potential shift in its stance towards cryptocurrencies, particularly staking. The SEC’s newfound interest in staking emerged after the agency’s recent request for information on different types of staking and their associated benefits. This change in approach comes alongside the SEC’s June 2024 lawsuit against Consensys, alleging violations related to its Metamask staking services and unregistered broker operation within the U.S.