# SEC's Assault on Staking

*Author: Bankless*
*Published: Jun 28, 2024*
*Source: https://www.bankless.com/es/secs-assault-on-staking*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/Frame-50572--3--2.png)](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=zuzalu-one-year-later&email=true)

  

SEC's Assault on Staking
    
  

  
  Published on June 28, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
SEC Sues Consensys

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/Group-15--61-.png)](https://www.bankless.com/dashboard)- 😑 **SEC Sues Consensys Over Alleged Securities Violations. **The agency alleges that MetaMask, Lido, and Rocket Pool staking services are unregistered securities.
[*Read more on Bankless.com*](https://www.bankless.com/sec-consensys-lawsuits)
- 💰 **Kraken Founder Donates $1M to Trump Campaign. **The founder joins a wave of industry support behind Trump during a key election moment.
[*Read more on Bankless.com*](https://www.bankless.com/kraken-founder-donates-1m-to-trump-campaign)
- 🤝** Coinbase Partners with Stripe. **The partnership brings Base support to Stripe and Stripe support to Coinbase Wallet.
[*Read more on Bankless.com*](https://www.bankless.com/coinbase-partners-with-stripe)

.  .  .

 
  
    

    MARKET VIBES

  
  

   Assault on Staking
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **BTC tested falling below $60K after a week of rebuilding, but all eyes were on staking kingpin LDO which fell over 16% after the SEC named the asset as an unregistered security in its Consensys suit. RPL, which was also named, fell 7.5%. 

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.24T
       

  
    
    ↘2.0%
    
  

   
    
    ↘4.3%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $60,128
       

  
    
    ↘2.0%
    
  

   
    
    ↘6.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,382
       

  
    
    ↘1.6%
    
  

   
    
    ↘3.9%
    
  
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/5805.png)
    

  **AVAX**
   
          $28.07

       

  
    
    ↗0.3%
    
  

   
    
    ↗1.7%
    
  

  

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.  .  .

 
  
    

ANALYSIS

  
  
    
   
The Legacy of Zuzalu: One Year Later
  
  
   
     
     Bankless Author: 
     
       [
       
       David C.](https://x.com/davewardonline)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/unnamed--2--1-1.png)](https://www.bankless.com/zuzalu-one-year-later)One year ago this week, our very own David Hoffman [shared details about his experience](https://www.bankless.com/everything-i-learned-at-zuzalu) living with some of crypto’s brightest minds in the ephemeral city called Zuzalu. 

[Inspired](https://vitalik.eth.limo/general/2021/10/31/cities.html) and initiated by Vitalik Buterin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.

*Let’s take a look at what they’ve been up to since *👇

[Get the Full Rundown](https://www.bankless.com/zuzalu-one-year-later)
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