Senator Tommy Tuberville falsely accused Prometheum of having ties to and being influenced by, the Chinese Communist Party. His allegations are specious and without any merit.
Here is our response in The Wall Street Journal.
Prometheum's stance is clear: There is a path forward for digital assets in the U.S. through the current regulatory frameworks set up by federal securities laws. Hear Aaron Kaplan's testimony in front of the House Financial Committee here:
#digitalassets
Chairman Gensler discussing the path forward for digital assets firms mentions that an “entity filed as a special purpose broker-dealer and got registered that way”. Prometheum Capital is the first and only SPBD. See our mention at 7:04:
Prometheum plans to be the first to utilize an exemption frequently used in the stock market within the crypto space to allow for the public trading of digital asset securities. It's called Rule 144, and you can learn more about it here:
#digitalassets
Stay tuned: Prometheum will be testifying on June 13th in front of the Financial Services Committee on The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem. Learn more about the upcoming hearing here:
#digitalassets
#crypto
Prometheum Co-CEO Aaron Kaplan sheds insight on upcoming RXP ruling: "If a judge does decide that XRP is a security, the scope could go beyond XRP to other
#cryptocurrencies
, as it would further establish a precedent for future rulings over other tokens."
“Over time, when given the opportunity, we'll be able to prove that what we're trying to do is in the best interest of the industry.”
#Prometheum
Co-CEO Aaron Kaplan speaking on the future of
#digitalassets
. Learn more at Coindesk:
As we near the launch of
@Prometheum
’s
#digitalasset
custody and trading solutions, make sure you’re at the forefront of the digital asset revolution by joining our waitlist. Visit today!
Prometheum Ember Capital has made history as the 1st SEC-registered broker-dealer and FINRA member firm approved to operate as a Special Purpose Broker-Dealer (SPBD) for digital asset securities. Learn about how we continue to move the industry forward:
Four key proposed bills could redefine digital asset regulations.
@Prometheum
remains at the forefront with plans to offer regulated trading & custody of digital assets. Read more about the crypto bills at Cointelegraph:
#DigitalAssets
As the first SEC-registered digital asset qualified custodian, Prometheum Ember Capital’s focus on the Federal Securities Laws provides customers with the protections they deserve.
#regulation
#crypto
#digitalassetsecurities
Prometheum inc. Co-CEO Aaron Kaplan comments on Prometheum Ember Capital's historic special purpose broker-dealer approval for digital asset securities, highlighting the optimistic future for crypto in the US. Check out the Coindesk article:
@PrometheumInc
has achieved another incredible milestone! SPBD, Prometheum Capital received a first of its kind approval to clear and settle
#digitalassetsecurities
. We’ve obtained all approvals required for digital asset security custody and trading.
We are proud to announce that our subsidiary, Prometheum Ember ATS Inc., was approved as a member of FINRA to operate an ATS for digital asset securities. With help from
@Anchorage
, all investors (accredited and non-accredited) will soon have access.
"
@PrometheumInc
was already the first and only special-purpose crypto broker-dealer licensed under SEC rules. It's now obtained approval to clear and settle digital assets securities trades." -
@CoinDesk
@jesseahamilton
Looking forward to an exciting 2024.
Regulation meets innovation with Prometheum Ember Capital — an SEC registered and FINRA member broker-dealer approved to operate as a Special Purpose Broker-Dealer (SPBD) for digital asset securities.
The next chapter for digital assets has arrived.
We are excited to announce that
@Anchorage
will custody digital asset securities traded on the PEATS ATS (pending approval). More info via
@decryptmedia
“I see this as a clear indication that there’s a path forward for compliant crypto in the United States.”
@PrometheumInc
Co-CEO Aaron Kaplan spoke with
@smarteconomypod
to discuss the SEC’s first-ever SPBD approval for digital asset securities. Listen at:
Prometheum Co-CEO Aaron Kaplan sat down with Coindesk to discuss the pathway toward compliance for digital asset securities in the US. Watch a clip from the interview:
Exciting times are ahead! Our institutional custody service for ETH is just around the corner. Institutions are invited to sign up in anticipation of our upcoming launch at . Keep an eye out for more details!
Prometheum Capital has launched our full custody service for
#digitalassetsecurities
. Financial institutions, corporations, and institutional investment firms can now custody digital asset securities through Prometheum Capital, a FINRA member firm and SEC-registered Special
“The thesis of our company is that digital assets are securities, and the best way to regulate them is under the federal securities laws,” Aaron Kaplan with Bloomberg on Prometheum Ember Capital’s historic special purpose broker-dealer approval.
A crypto startup said it has received the first special purpose broker-dealer license with SEC guidelines. But there’s a catch: It can’t support Bitcoin
Prometheum has launched Prometheum ATS (ProATS): an SEC registered market for digital asset securities. ProATS enables institutions to trade digital assets securities under Federal Securities Laws.
#Prometheum
#ProATS
#digitalasset
#securities
#blockchain
We’re excited to announce the addition of the following
#digitalassetsecurities
, Uniswap (UNI) and Arbitrum (ARB), to the Prometheum Capital custodial platform. Institutional and corporate clients will be able to custody Uniswap (UNI), Arbitrum (Arb) and Ethereum's Ether (ETH)
Prometheum Capital chooses Broadridge Financial Solutions to gear up for the launch of digital asset securities services. Combining Broadridge’s expertise with our vision, Prometheum will offer its solution to investors and businesses alike.
What’s the best path forward after
#FTX
? Aaron Kaplan on
@CNBC
#cryptoworld
today: “the regulatory clarity provided by applying federal securities laws is required to reestablish investor confidence, and arguably a prerequisite for ending the crypto winter”
@PrometheumInc
's Aaron Kaplan & other expert panelists had a great conversation @ Future of Digital Assets on Promoting Mass Adoption Through Policy, Education, and Technology. Watch the full session here:
#digitalassetsecurities
#digitalassets
#Prometheum
represents a significant advancement in the evolution of the digital asset economy through accountability, integrity, and investor protections. Learn more at .
#digitalassets
#crypto
Recent SEC action against Galois Capital is one of the first actions tied to the new qualified custodian requirements. Hedge funds, RIAs, and investment management firms must carefully assess where they custody digital asset securities to ensure compliance with these updated
At Rosenblatt’s Global Exchange Leader Conference,
@Prometheum
Co-CEO Ben Kaplan will discuss the future of crypto markets. Learn about our vision for the digital asset landscape and more.
#Crypto
#DigitalAssets
Prometheum's Chief Regulatory Officer, Rosemarie Fanelli is speaking today at 11:00am EST on the Fintech Panel at the
#SIFMA
National Conference on the Securities Industry.
Ready to explore the future of
#digitalassets
? Join Aaron Kaplan at Hedgeweek's US Digital Assets Summit on March 14th! Gain insights into the evolving digital asset ecosystem and discover what's next for
@PrometheumInc
. Secure your seat:
Today, Prometheum Co-CEO Aaron Kaplan joined
@BloombergTV
to discuss the current happenings with FTX, the lack of institutional controls in crypto, and what could mitigate risk for retail investors in the future. Skip to 1:23:10 for the interview.
What is the best course of regulatory action in
#crypto
? Aaron Kaplan offers his solution on
@CNBC
#Cryptoworld
: “Regulating intermediaries as broker-dealers and requiring them to register under securities laws”
What does 2023 have in store for crypto? According to Aaron Kaplan, Co-CEO of Prometheum, the future looks bright. Today, Aaron joined
@BloombergTV
to discuss how the industry has matured, and how securities laws would protect investor assets. Watch here:
Prometheum Founder and Co-CEO Aaron Kaplan joined
@Bloomberg
to discuss the current state of
#crypto
#regulation
. Learn what 2022's events taught us, the importance of federal securities laws, and what some companies are already doing differently.
We are excited to announce that securities industry veteran Rosemarie Fanelli, MBA, MS, has joined the Prometheum team as Chief Regulatory Officer! Welcome aboard!
Don't miss Aaron's chat w/ Tony at Thinking Crypto, as they explore Prometheum Capital’s Ethereum custody launch & the company’s approval of its membership application from FINRA as an SPBD, permitted to custody, clear, and settle digital asset securities.
What does the path forward for
#crypto
institutions look like? Prometheum Co-CEO Aaron Kaplan gives his thoughts in a recent article from The Block about the importance of institutions adapting to evolving regulatory frameworks. Read more here:
“The SEC’s theory in [the Coinbase] case is consistent with the agency’s longstanding public position” and “well within the bounds of established law,” said the filing by the North American Securities Administrators Association (NASAA). Coindesk article:
#SEC
's Mark Uyeda called for tailored registration disclosures for
#crypto
, a crucial step forward for firms seeking to publicly issue
#digitalassets
. This shift, along with utilizing
#blockchain
data for ongoing disclosure, would offer a viable path for digital-asset issuers
Prometheum Co-CEO Aaron Kaplan joined
@tickerNEWSco
to discuss how
#FOMO
played a role in shaping today’s crypto market, and what can be done to rebuild crypto’s relationship with the retail public. Watch the full interview:
@PrometheumInc
's co-CEO’s Aaron and Benjamin Kaplan will be speaking at
#HWLeadershipSummit
, discussing the impact of
#DigitalAssetSecurities
on the hedge fund industry. From tokenizing traditional assets to how Qualified Custodians impact compliance strategies, this session
#Prometheum
Co-CEO Aaron Kaplan comments to Bloomberg on crypto firms operating in regulatory gray zones citing the exposures and risks that come with trading on overseas venues that aren't registered with US regulators. Read the full article here:
Prometheum Co-CEO Aaron Kaplan joined
@FoxBusiness
today to discuss the latest on
#FTX
, the impact of
#SBF
on lawmakers, and how implementing securities law could usher in the crypto spring. Check out the interview here:
Are the
#SEC
's charges
#Gemini
and
#Genesis
warranted? According to Prometheum Co-CEO, Aaron Kaplan, "The crypto financial services infrastructure is failing..." Click the link below for
@YahooFinance
's full story:
"It’s going to be a while, given the regulatory structure of banks, until they get to the point where Prometheum is at right now," says Anoop Datta, COO at Prometheum ATS. Read
@efc_global
's top banking tech teams to lookout for in 2023, here:
In this video, Founder and Co-CEO, Aaron Kaplan walks through the founding of
#Prometheum
and its mission to create a regulated market infrastructure that will enable
#digitalassets
to go mainstream, bringing
#blockchainsecurities
to the world:
🚀🌎
#Prometheum
Co-CEO Aaron Kaplan was quoted in
@washingtonpost
's report on the
#Celsius
bankruptcy ruling. Customers should "understand the risks that they are taking when depositing their assets onto insufficiently regulated platforms.” Read here:
Many are divided on the SEC's increased scrutiny of
#Paxos
. According to Prometheum's Aaron Kaplan, "If BUSD is deemed a security, then it stands to reason that other fully reserved stablecoins – including Circle’s USDC – might be as well."
@TheBlock__
:
Prometheum Co-CEO Aaron Kaplan joined
@TheNewsForum_
to discuss the latest in
#SEC
v. Ripple. Watch the video for Aaron’s take on the case law forming with the recent
#LBRY
decision and how this could affect
#XRP
:
@PrometheumInc
is happy to announce Albert Meo as our new CFO. Albert brings with him a breadth of financial and regulatory experience that will further enhance our efforts to create the future of markets. Welcome to the Prometheum Team!
#SEC
cracks down on Kraken’s staking program, shocking the crypto industry. Aaron Kaplan, Prometheum Co-CEO, calls it a “bad sign” for
#staking
as a service in the US, and providers will have to register under federal securities law. Read on
@TheBlock__
:
Embracing Supervision, Creating Good Blockchain Ecology, BitKop’s First Blockchain Hub Salon was Successfully Held -
@bitkopeachange
, thanks for inviting us!
Prometheum Co-CEO Aaron Kaplan met with Bloomberg to discuss the Wells Notice received by Coinbase & the importance of
#crypto
regulation. Watch now to hear Aaron's thoughts on the benefits of federal securities laws, and the future of the industry.
The SEC recently expanded the definition of accredited investor--opening private markets to more investors. Among the changes, the SEC has amended rule 501(a) to include individuals with professional certifications such as Series 7, 65, or 8 licenses.
The Ethereum merge represents a significant step forward for the entire blockchain space. The progressive attitude and approach taken demonstrate that it's possible to reliably deliver innovative change in a constantly moving space.
#EthereumMerge
Prometheum Co-CEO Aaron Kaplan joined
@CNBC
Crypto World to unpack the
#Genesis
bankruptcy filing and what it means for
#DCG
,
#Gemini
, and the industry at large. Watch the full interview here:
In
@FINRA
's report on "Implications of Blockchain for the Securities Industry," it says: "
#DLT
has the potential to affect various aspects of the
#securities
market, including market efficiency, transparency, post-trade processes and operational risk"
Prometheum Founder and Co-CEO is featured on
@FrankCurzioo
's STO Unplugged, where he shares why he's excited about digital securities and explains Prometheum's goals of becoming a full-service, SEC-regulated blockchain security ecosystem.
What’s next for crypto after the
#Silvergate
network's suspension?
@Prometheum
Co-CEO, Aaron Kaplan comments, “One of the larger questions is whether there will be limited options going forward as to what banking institutions choose to participate in...”
Listen to
#Prometheum
Co-CEO, Aaron Kaplan delve into the evolution of crypto with Charlie Shrem. In this episode, they discuss the application of securities laws and the Prometheum effect on digital assets and more. Listen now!
Join
@PrometheumInc
Co-CEO Aaron Kaplan today at DACFP VISION in Austin, TX, for a session on "What You Need to Know About Crypto Custody"! Enjoy cutting-edge content, private meetings, and invaluable networking opportunities!
#DACFPVISION
In the spirt of the 50th annual
@wef
,
#Prometheum
aims to be an active contributor to the Fourth Industrial Revolution as we digitize the
#capitalmarkets
process, instigating a circular economy through
#blockchain
automation.
Smart Security Tokens (SSTs) on
#Prometheum
's Blockchain can be used as
#securities
to raise capital, trading on a secondary market & utility token interaction w/ smart contracts & distributed applications (DApps).
Download our whitepaper for more info: