Close Menu
Cryprovideos
    What's Hot

    Iran and Israel spent over $25B through the '12-day warfare,' equal to 1% of whole Bitcoin provide

    June 26, 2025

    HKMCA Unveils 'Panda Mode ON!' Marketing campaign to Promote Retirement Planning

    June 26, 2025

    Dogecoin Flashes Potential Development Reversal With Key Bullish Cross Approaching | Bitcoinist.com

    June 26, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Prometheum's Response To Trump's Professional-Crypto Agenda: Government Reveals Future Methods | Bitcoinist.com
    Prometheum's Response To Trump's Professional-Crypto Agenda: Government Reveals Future Methods | Bitcoinist.com
    Crypto News

    Prometheum's Response To Trump's Professional-Crypto Agenda: Government Reveals Future Methods | Bitcoinist.com

    By Crypto EditorNovember 27, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Prometheum, a agency that has garnered consideration for its first-of-its-kind license to function in crypto-based securities, finds itself at a crossroads. The agency has positioned itself inside the regulatory framework established by the US Securities and Change Fee (SEC) underneath its chair, which has taken a troublesome stance on crypto classifications. 

    Nevertheless, with management modifications on the horizon, as SEC Chair Gary Gensler introduced his departure and pro-crypto Donald Trump prepares to take workplace in 2025, the regulatory setting and the potential shift within the classification of those tokens may problem the agency’s operations.

    Prometheum Faces Uncertainty As SEC’s Gensler Resigns

    Prometheum has touted the SEC’s present guidelines as “useful,” leveraging them to safe a Particular Objective Dealer Seller license. This standing permits the agency to function as a platform for buying and selling digital securities, a distinct segment market inside which it has marketed itself. 

    In 2023, the corporate notably testified earlier than the US Congress – with a Democratic majority – on digital belongings, marking a big milestone regardless of its relative anonymity inside the broader crypto neighborhood.

    Nevertheless, Fortune studies that the anticipated resignation of Gensler, coupled with the election of Trump, presents a double-edged sword for Prometheum.

    The incoming Trump administration is predicted to undertake a extra lenient strategy towards cryptocurrencies, probably redefining the classification of many tokens that Gensler has deemed “securities.” 

    The report alleges that this shift may undermine Prometheum’s enterprise mannequin. Its mannequin hinges on the premise that many cryptocurrencies are categorized as securities, permitting it to offer the mandatory authorized infrastructure for buying and selling these belongings.

    The political panorama provides additional complexity. Prometheum has confronted scrutiny and criticism from some lawmakers, significantly Republicans, who’ve questioned its ties to China—an allegation the agency has repeatedly denied. 

    Co-CEO Eyes Growth Past Crypto

    In response to Fortune’s inquiries about Prometheum’s prospects, Aaron Kaplan, the corporate’s co-CEO, expressed optimism. He believes that the Trump administration will catalyze change available in the market, resulting in the issuance of trillions of securities based mostly on blockchain expertise. 

    Kaplan emphasised that Prometheum will not be restricted to crypto and has the potential to increase into varied asset courses, together with equities, debt, and exchange-traded funds, all facilitated by blockchain expertise.

    Regardless of the optimism, skepticism stays. Business critics equivalent to Matt Walsh of Fortress Island Ventures and a political commentator have questioned Prometheum’s affect, citing an absence of proof that its platform is getting used for “real-world buying and selling.”

    But, Kaplan acknowledged the agency remains to be within the “very early phases” of its growth, asserting that Prometheum is engaged in ongoing discussions with monetary establishments to broaden its attain. 

    Prometheum's Response To Trump's Professional-Crypto Agenda: Government Reveals Future Methods | Bitcoinist.com
    The every day chart exhibits the entire crypto market cap valuation at $3.13 trillion. Supply: TOTAL on TradingView.com

    Featured picture from DALL-E, chart from TradingView.com



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    US Housing Chief Orders Fannie Mae, Freddie Mac to Put together for Crypto Evaluation in Mortgages – Decrypt

    June 26, 2025

    Get Your Crypto Change to Market Quick with Knowledgeable Improvement

    June 26, 2025

    Barclays To Ban All Crypto Transactions on Its Financial institution Playing cards, Citing Volatility Dangers – The Day by day Hodl

    June 25, 2025

    Binance Bitcoin inflows plunge to five,700 BTC, lower than 50% of the month-to-month common since 2020

    June 25, 2025
    Latest Posts

    Iran and Israel spent over $25B through the '12-day warfare,' equal to 1% of whole Bitcoin provide

    June 26, 2025

    Metaplanet Raises $515M To Purchase Extra Bitcoin

    June 26, 2025

    White Home Confirms U.S. Has a “Bitcoin Accumulation Plan” in Place ‣ BlockNews

    June 26, 2025

    High Cryptos To Spend money on This Week – PENGU, SEI, BTC Bull & Extra

    June 25, 2025

    World M2 Can’t Predict Bitcoin Worth, Says Quant Analyst

    June 25, 2025

    Binance Bitcoin inflows plunge to five,700 BTC, lower than 50% of the month-to-month common since 2020

    June 25, 2025

    Unitronix Provides Bitcoin to Treasury in Strategic Crypto Shift

    June 25, 2025

    Analyst: MicroStrategy Has 91% S&P 500 Likelihood If Bitcoin Holds – Bitbo

    June 25, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Greatest Crypto to Purchase Now As Meme Coin Costs Pump – PEPE, BONK, DOGE

    April 23, 2025

    Mantra Introduces $108M Ecosystem Fund to Energy RWA and DeFi Tasks

    April 8, 2025

    Switzerland greenlights crypto tax data sharing with 74 nations

    June 6, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.