[ad_1] It’s in that theoretical compliance where Prometheum is at odds with the vast majority of other crypto-native firms, who have long claimed the SEC makes it impossible to legally trade digital assets under the agency’s expectation that the sector follow existing securities laws. Most of the major crypto operations have fought or are still … Read more
[ad_1] Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization. Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the Securities and Exchange Commission … Read more
[ad_1] See also: DeFi Shouldn’t Have to Worry About the SEC’s Expanded Broker Rule | Opinion “The stakes aren’t just high for Prometheum and the rest of the industry, but also for the government agency that has claimed for years that there’s a proper way for crypto firms to ‘come in and register’ to do … Read more