At a time when top crypto exchanges Binance and Coinbase face wrath from US regulators such as the US Securities and Exchange Commission (SEC). A lesser-known crypto firm Prometheum gaining approval from the SEC and FINRA has caused a furor in the crypto community.
New York-based Prometheum came into the spotlight during the US House Financial Services Committee hearing “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem” held on June 13. Prometheum co-CEO Aaron Kaplan was announced as a witness in the hearing at the very end, which raised questions.
Prometheum’s US SEC And FINRA Approval Are “Nonsense”
During the US House Financial Services Committee hearing, Representative Mike Flood calls Prometheum’s US SEC and FINRA approval as “nonsense” as the firm doesn’t offer trading in top crypto assets Bitcoin (BTC) and Ethereum (ETH).
However, co-CEO Aaron Kaplan said the clear path forward for the digital asset industry in the U.S. is through
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