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Prometheum

All articles tagged with #prometheum

cryptocurrency-regulation1 year ago•3 min saved

GOP Pressures SEC Over Prometheum's Crypto Custody and ETH ETF Delay

House Republicans are pressing SEC Chair Gary Gensler for clarification on the legal treatment of Ethereum (ETH) as a security by Prometheum, a crypto platform planning to offer custodial services for ETH. The lawmakers argue that ETH is not a security and express concerns about the potential impact on the crypto industry. The SEC's stance on ETH's classification remains unclear, and the situation reflects the ongoing regulatory uncertainty surrounding cryptocurrencies in the U.S.

via CoinDesk|

#cryptocurrency #cryptocurrency-regulation #ethereum

cryptocurrency-regulation2 years ago•4 min saved

The Chaotic State of Crypto Regulations and Politics.

The Securities and Exchange Commission's (SEC) regulation of cryptocurrency is an uneven mess, with digital-coin exchanges getting approved to go public, only to be sanctioned later for selling crypto the agency doesn't like. The SEC's regulatory agenda is dangerous, and the agency has been looking like a band of keystone cops. The case of Prometheum, a privately-owned company, has raised concerns about its ties to China and the SEC's willingness to allow entities with links to the Chinese Communist Party to operate in the US. While SEC Chair Gary Gensler likes Prometheum, crypto types are skeptical about the company's platform, which will trade only SEC-sanctioned digital assets.

via New York Post |

#china #crypto-regulation #cryptocurrency-regulation