US regulator issues license to crypto project Prometheum

To obtain permission, Prometheum used its broker-dealer license, received last year from the US Securities and Exchange Commission (SEC). The company's CEO Aaron Kaplan said that in the first quarter of 2024, the company plans to provide custodial services to institutional clients, including asset managers and hedge funds. Immediately after that, institutional and retail investors will have access to trading digital assets.
Prometheum received regulatory approval amid calls from the SEC for crypto companies to register with the agency. Several months ago, the regulator accused major cryptocurrency exchanges Coinbase (NASDAQ:COIN), Binance, and Kraken of trading unregistered securities, as well as of not registering as a broker-dealer. The exchanges themselves claim that it is impossible to register with the agency due to the lack of clear rules for regulating the crypto industry. #prometheum