Republican Congressmen Request Explanation from SEC Regarding Crypto Platform Prometheum's Status

Quick Summary:

As Prometheum Inc.nears an unprecedented moment in U.S.crypto history by beginning a custody operation that intends to hold customers' Ethereum tokens {{ETH}}, the industry's friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this first U.S.special purpose broker-dealer (SPBD) for digital assets.

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Article Details

Author / Journalist: Jesse Hamilton

Category: Crypto

Markets: United States

Topics: Patrick McHenry ETH House Financial Services Committee Prometheum Glenn Thompson Securities and Exchange Commission Congress News Regulations Ethereum Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-26 @ 20:26:12 (1 months ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 20530618

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 1 posts per day

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Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

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