The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance

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Obscure crypto firm PrometheumInc kicked over a hornets' nest. Its co-CEO says the SECGov has been right all along, and he says his company is blazing a trail. Others say it's nonsense. But all this may lead crypto to new insights. by jesseahamilton

, for starters. Prometheum submitted those names to the regulator as assets it intended to support, and the SEC had an opportunity to reject them.Prometheum is waiting to leap one last SEC hurdle: Official sign-off to be able to clear and settle transactions, which Kaplan said he expects to come soon. Such an approval could represent a moment in crypto history in which the industry finds out if there’s a form of digital assets platform that will be allowed to operate under existing U.S.

"Filecoin is an open-source, decentralized file storage network with thousands of contributors worldwide, storing humanity's most important information,” a spokesperson for Protocol Labs, the company behind Filecoin, told CoinDesk. “It is not a security." And the SEC is already backing up the position that FIL and others – including FLOW – are securities, because it’sSEC spokespeople didn’t respond to a request to comment on Prometheum’s status, or the agency’s views on tokens the company may seek to trade.

 

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