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Doors Open at Prometheum as Much-Disputed Firm Tests Crypto Tokens as Securities

[Sep 11 12:30 PM] While the broader crypto industry fights with the U.S. Securities and Exchange Commission about the agency's labeling of most tokens as securities, Prometheum is swinging open its doors for a long-awaited test of its strategy to assume the SEC is…

Second U.S. Firm tZero Said to Become Crypto Broker Dealer Under SEC Oversight

[Sep 10 3:43 PM] A second company, tZero Group Inc., said it's achieved status as a fully registered U.S. broker dealer under a rule allowing for crypto firms to join those ranks, following a path previously blazed by Prometheum Inc.

Prometheum labels UNI, ARB securities in custody expansion

[Aug 21 7:17 PM] Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.

Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities

[Aug 21 1:00 PM] Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission's view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the…

US lawmakers demand SEC-FINRA records on Prometheum ETH custody

[May 22 3:07 PM] Prometheum’s willingness to play along with the SEC’s ambitions for crypto regulation has stirred disapproval in many quarters.

Prometheum launches Ether custody service that treats ETH as a security: Report

[May 20 7:22 PM] The digital assets platform soft-launched its controversial Ethereum custody service on May 17 and is targeting a full launch next month.

Prometheum's Contentious Answer to Crypto Compliance Is Running Late

[May 9 10:27 AM] Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum's custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed…

House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum

[Mar 26 2:26 PM] As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers' Ethereum tokens {{ETH}}, the industry's friends in Congress are demanding the Securities and Exchange…

Prometheum Taps Morgan Stanley Exec as CFO Just Before Opening Doors

[Mar 4 9:56 AM] Controversial crypto platform Prometheum continues to signal its seriousness about moving forward as the industry's sole U.S. special-purpose crypto broker-dealer, having now hired a chief financial officer with a Wall Street pedigree from the…

Prometheum’s Ethereum Custodial Launch Puts SEC’s ETH Classification In The Spotlight

[Feb 8 6:00 PM] 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…

Ether’s Prometheum Test

[Feb 8 4:17 PM] The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are securities.

FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services

[Feb 7 1:30 PM] Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This announcement arrives amidst a…

Prometheum, the Only U.S.-Registered Crypto Platform, Picks Ether as Its First Product

[Feb 7 7:35 AM] Prometheum Inc. – still standing alone as the only U.S.-registered crypto securities platform – has disclosed that the first digital asset it'll handle for clients will be ether {{ETH}}.

Prometheum Earns Final Regulatory Nod to Try Hand at Fully-Compliant Crypto

[Dec 21, 2023 8:51 AM] Prometheum Inc., with the latest regulatory notch on its belt, is about to finally test whether a viable crypto platform can operate entirely within U.S. Securities and Exchange Commission (SEC) regulations.

How are crypto firms responding to US regulators' enforcement actions?

[Sep 22, 2023 4:00 PM] Prometheum was purportedly "purpose-built to comply with federal securities laws" and has avoided lawsuits from the SEC when compared with firms like Binance and Coinbase.

Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum

[Aug 16, 2023 9:30 PM] U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for…

Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval

[Aug 15, 2023 1:06 PM] Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto.

US Representative Ritchie Torres Calls for Investigation of SEC Over Prometheum’s License

[Jul 14, 2023 3:30 PM] U.S. Rep. Ritchie Torres has called for an investigation into the special purpose broker-dealer (SPBD) license given by the U.S. Securities and Exchange Commission (SEC) to Prometheum, a cryptocurrency exchange platform. In two letters sent to U.S…

Congressman Torres Calls for Investigation Into SEC Over its Approach to Crypto

[Jul 14, 2023 12:31 AM] Congressman Ritchie Torres has asked for two separate independent investigations of the U.S. Securities Exchange Commission (SEC) for its "haphazard and heavy-handed approach to digital assets."

US Senator Expresses Concern Over Prometheum Co-CEO’s Congressional Testimony

[Jul 11, 2023 1:30 PM] On Monday, U.S. senator Thomas Tuberville (R-AL) published an open letter to U.S. attorney general Merrick Garland and Securities and Exchange Commission (SEC) chairman Gary Gensler expressing concern over allegations that Prometheum, Inc., a…

U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum

[Jul 10, 2023 10:25 AM] U.S. Senator Thomas Tuberville (R-Ala.) wrote an open letter to Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler asking them to investigate Prometheum, a special-purpose broker that recently secured…

The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance

[Jun 30, 2023 6:00 AM] No new crypto rules are needed, said Aaron Kaplan, co-CEO of Prometheum Inc., and his company means to demonstrate it – even as the issuers whose tokens it seeks to trade say no thanks.

Blockchain Assoc. requests info on Prometheum over ‘suspicious’ approval

[Jun 15, 2023 11:00 PM] A FOIA request with the SEC regarding Prometheum has been filed, while others found former FINRA and SEC staffers among the firm's ranks.

Crypto Lobbyists Ask SEC for Info on Prometheum, The Mysterious 'Regulated' Crypto Firm

[Jun 15, 2023 1:55 PM] The “regulated crypto exchange” backed Gary Gensler’s viewpoint in front of Congress. But are they for real?

Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing

[Jun 15, 2023 1:30 PM] The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure…

‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?

[Jun 14, 2023 10:43 PM] A testimony given at a U.S. House hearing by the blockchain firm’s co-founder Aaron Kaplan has drawn the attention of those in the crypto space.

Gary Gensler’s Catch-22 Vision of ‘Regulated’ Crypto Brokers

[Jun 14, 2023 11:45 AM] The SEC-registered trading platform Prometheum pitched the House on Gary Gensler's vision. But skeptical legislators highlighted that the platform won't offer major assets, including Bitcoin.