Prometheum Ember Capital LLC, a subsidiary of Prometheum Inc., says it has added digital asset securities Uniswap (UNI) and Arbitrum (ARB) to its custodial platform. Prometheum Capital is a FINRA-regulated special-purpose broker-dealer for digital assets. Customers of Prometheum will now be able to custody Ethereum… Read More
Republicans on the House Financial Services Committee and the House Committee on Agriculture are demanding that the Securities and Exchange Commission (SEC) clarify whether Ether (ETH—Ethereum) is a security or something else. In recent years, the SEC has publicly stated ETH is not a security…. Read More
Yesterday, Republicans on the House Financial Services Committee revealed a letter sent to both the Chair of the SEC, Gary Gensler, and the President of FINRA, Robert Cook. The letter was addressing the relationship with Prometheum, a broker-dealer that aims to provide digital asset services…. Read More
The Chair of the House Financial Services Committee, Representative Patrick McHenry, along with other Committee Republicans, have sent a letter to the Chair of the SEC, Gary Gensler, as well as the FINRA President Robert Cook, questioning the relationship with Prometheum and the approval for… Read More
The US Securities and Exchange Commission (SEC) has announced separate lawsuits against crypto giants, Binance and Coinbase. A brokerage company now claims that it has a blueprint in order to bring crypto trading into the larger regulated market. As first reported by the WSJ, Prometheum’s… Read More
Prometheum Ember Capital LLC, a subsidiary of Prometheum Inc., has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a special-purpose broker-dealer for digital asset securities. Prometheum states that they are the first broker-dealer to receive this type of approval from FINRA…. Read More
Prometheum Ember ATS has announced a FINRA and SEC-regulated trading platform that will aim to provide liquidity for “digital asset securities.” Prometheum has received approval to operate an ATS or Alternative Trading System. Before operating an ATS, a platform must be an approved as a… Read More
Prometheum, a platform for creating and trading cryptosecurities, recently announced it has acquired a version of InteliClear’s post-trade solution technology. Prometheum reported that the InteliClear technology serves as a “major leap forward” for its mission to become the first compliant end-to-end cryptosecurities trading platform. “InteliClear’s system is… Read More
Prometheum, a platform for creating and trading “cryptosecurities” is still waiting on the SEC to qualify its Reg A+ offering seeking up to $50 million. The company first filed their Form 1-A back in 2017 – claiming to be the first digital asset focused issuer… Read More
Prometheum, Inc. reports it has raised $12 million from HashKey Digital Asset Group Limited. Without breaking down the details, Promotheum said the investment was a mix of cash and services. HashKey is a holding company focused on investment in the Fintech and blockchain industries. Prometheum proposes the… Read More
Most securities initial coin offerings (ICOs) are being filed under Reg D 506c in the US. This enables an issuer to sell securities to accredited investors. Reg A+, an updated securities exemption, enables issuers to offer securities to both accredited and non-accredited investors. Reg A+… Read More
As a securities lawyer and a sometimes advocate for smart regulation of capital formation, I must confess: When it comes to addressing the current state of the Initial Coin Offering (ICO) marketplace, I believe that market participants face a crisis of growing proportions. No Hype… Read More
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