Opinion: The US SEC may be forced to declare Ethereum a security
An article published by Fortune states that Prometheum plans to launch Ethereum custody services. Ethereum is the native cryptocurrency of the Ethereum blockchain, with a market value of $280 billion, second only to Bitcoin. This move is part of a larger strategy by the crypto company to have the SEC consider Ethereum as a security, a position that is generally unpopular among industry peers.
Prometheum claims to be the first and only special purpose crypto broker-dealer licensed under SEC rules. In December of last year, the company announced that it had obtained SEC approval to clear and settle digital asset security transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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