Prometheum Launches Ethereum Custody Service, Classifies ETH as Security

Prometheum Launches Ethereum Custody Service, Classifies ETH as Security
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In February, Prometheum made the decision to include ETH as its custodial service’s initial asset.
Many see Aaron Kaplan, co-founder of the platform, as being in favor of the US SEC.
An Ethereum custody service has been soft-launched by digital assets platform Prometheum in preparation for a full launch of crypto services later this quarter. As far as the digital currency ecosystem is concerned, this product launch was the first of its type, according to Fortune.
Because of its contentious position on the security status of several assets, including Ethereum, Prometheum emerged as a popular player in the digital currency ecosystem. Ethereum is regarded as a registered security under existing Federal rules by the Ethereum custody service soft launch from Prometheum.
In Favor of the SEC
Although many contend that assets like Ethereum cannot be legitimately classified as securities, Prometheum managed to do just that. Despite widespread belief among business titans that reg

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