- Prometheum’s SEC application has been reportedly cleared for final approval.
- A FINRA publication shows Prometheum can now operate anywhere in the US.
- Aaron Kaplan said Prometheum would start serving institutional clients within the first quarter of 2023.
According to reports, the potential crypto investment firm that intends to offer a program that complies with the rules of the US Securities and Exchange Commission (SEC), Prometheum, has been approved for clearing. The crypto community expects the firm to begin operations in the next few months.
.@PrometheumInc has cleared its final regulatory hurdle to start rolling with its fully-@SECGov-compliant strategy for crypto custody and trading. Soon we'll find out whether crypto can live under current SEC rules. https://t.co/UFr2kLIy91— CoinDesk (@CoinDesk) December 24, 2023
Having received regulatory approval, Prometheum can now operate everywhere in the US, according to a publication by the Financial Industry Regulatory Authority, FINRA. Benjamin Kaplan, Prometheum’s co-CEO, signed the letter that would be resubmitted to FINRA for final approval.
Prometheum is considered the first and only special-…
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