US SEC may be forced to declare Ether as a security
Prometheum plans to launch a custodian service for Ether, the cryptocurrency native to the Ether blockchain whose $280bn market capitalisation is second only to Bitcoin, a move that is part of a larger strategy by the crypto firm to get the SEC to treat Ether as a security, a position that is generally unpopular with its peers in the industry, according to an article published by Fortune. Prometheum, which claims to be the first and only special-purpose crypto broker-dealer licensed under U.S. SEC rules, reportedly announced last December that it had received SEC approval to clear and settle transactions in digital asset securities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI "chip inflation" sweeps through the UK economy
The UK’s July CPI is expected to rise by 2.9% year-on-year, marking the first acceleration in four months. In addition to a jump in energy bills due to the reset of Ofgem’s price cap, an AI-driven memory chip shortage is emerging as a new driver of inflation—Apple laptops, tablets, and Xbox consoles have all announced price increases.
Wells Fargo Is In XRP. XRP Holders Need to See This
Biggest Weekly Alt Gainers and Losers Revealed as BTC Stalls at $63K: Weekend Watch
Crypto prices
More
