Prometheum Faces Setback After Gensler’s Exit
Prometheum’s future is uncertain after Gensler’s departure and rumors of a pro-crypto SEC Chair under Trump. Prometheum, a cryptocurrency company based in the United States, has previously benefited from Gary Gensler’s stricter stance on cryptocurrencies. Nevertheless, current attitudes regarding the future of the company have undergone a paradigm shift as a result of Donald Trump’s […]
Ex-CFTC Commissioner Deems SEC’s Ethereum Approach “Illegal”
Former CFTC commissioner Brian Quintenz condemned the SEC’s conduct as “illegal” regarding Ethereum. Brian Quintenz, a former commissioner of the Commodity Futures Trading Commission (CFTC), has faulted the Securities and Exchange Commission’s (SEC) position on Ethereum (ETH). He characterized the SEC’s stance on ETH as “illegal” and raised concerns regarding the possibility of regulatory ambiguity. Former CFTC Commissioner […]
FINRA Approves Prometheum for Crypto Securities Services
Prometheum, a digital asset firm, has received approval from FINRA to offer clearing and settlement services for crypto securities. The firm claims to be the only federally-registered platform for crypto trading and custody in the U.S. Prometheum, a digital asset firm that aims to bridge the gap between traditional and crypto finance, has obtained approval […]