Prometheum's Contentious Answer to Crypto Compliance Is Running Late
Summary
Prometheum's custody and trading operations, aimed at complying with SEC demands, have faced delays due to finalizing smart contract auditing. The company is the first to receive a special-purpose broker dealer approval under SEC regulations, allowing it to hold, trade, and clear transactions in crypto securities. Prometheum plans to offer custody for Ethereum's ether and aims to be a one-stop shop for digital token investors. The delay has raised questions about the company's timeline and potential impact on the wider crypto industry's legal battles with the SEC.
