The cryptocurrency company Prometheum, closely related to the SEC, faces a policy shift, leaving the prospects of its crypto securities business uncertain

2024-11-26 09:11:20

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ChainCatcher news, according to Fortune, the cryptocurrency company Prometheum, which has had close ties with the SEC, is facing new challenges. With Trump elected as president and SEC Chairman Gary Gensler announcing his departure early next year, the company's previous business model based on "crypto assets as securities" may need to be repositioned.

Prometheum co-CEO Aaron Kaplan stated that the company will shift its focus to issuing a broader range of securitized assets on the blockchain, including stocks, debt instruments, structured products, and ETFs.

However, Matt Walsh, co-founder of Castle Island Ventures, questioned the actual trading volume on the platform and pointed out that the tokenization of traditional assets remains a niche market.

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