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

The business’ survival represents one of a handful of crucial industry tests, which would also include the outcome of a number of federal court battles. In Prometheum’s case, if the SEC accepts its business model, that could prove it’s possible to run a crypto platform under current laws, as argued by SEC Chair Gary Gensler. But if the SEC puts a stop to it, it counters the years-old argument from the agency that digital assets businesses need only comply with the laws to satisfy the agency.