According to ChainCatcher news, cryptocurrency company Prometheum, which had close ties with the SEC, is facing new challenges. With Trump's election as president and SEC Chairman Gary Gensler announcing he will step down early next year, the company's previous business model based on 'crypto assets as securities' may need to be repositioned.
Prometheum's joint CEO Aaron Kaplan stated that the company will shift its focus to issuing a wider range of securitized assets on the blockchain, including stocks, debt instruments, structured products, and ETFs.
However, Matt Walsh, co-founder of Castle Island Venture Capital, questioned the actual trading volume of the platform and pointed out that traditional asset tokenization is still a niche market.
