New Era

Donald Trump

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/prometheum-faces-new-opportunities-in-crypto-regulations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Prometheum Faces New Opportunities in Crypto Regulations</a> 
Prometheum, a US-based <a href="https://en.coin-turk.com/whale-sells-four-altcoins-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> firm, is poised for potential shifts in crypto regulations. The winning of the 2024 elections by Donald Trump and the resignation of <a href="https://en.coin-turk.com/analysis-shows-over-80-of-supply-for-major-cryptos-in-profit/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> Chairman Gary Gensler may alter the industry’s dynamics. It is suggested that the SEC could pursue a different direction under a pro-crypto leader.
<h2 style="text-align: justify" id="strong-what-does-gensler-s-departure-mean-for-prometheum-strong">What Does Gensler’s Departure Mean for Prometheum?</h2>
CEO Aaron Kaplan evaluated the company’s future, suggesting that a Trump administration might adopt a favorable stance toward blockchain technology. He expressed optimism, stating, “We anticipate the issuance of trillions of securities through blockchain technology, bringing the promised benefits to market participants.”
Prometheum holds a ‘Special Purpose Broker Dealer’ license from the SEC and FINRA, with plans to expand this license to financial services. Nonetheless, the firm faces scrutiny regarding its performance. Matt Walsh, co-founder of Castle Island Ventures, voiced his doubts, saying, “I haven’t seen enough solid evidence that the platform is used in real-world trading.”
These uncertainties may prompt the firm to reassess its strategies. Prometheum aims to benefit from regulatory changes by pivoting toward non-crypto areas.
<h2 style="text-align: justify" id="strong-a-new-era-in-crypto-regulations-on-the-horizon-strong">A New Era in Crypto Regulations on the Horizon?</h2>
Trump’s potential return to the presidency could result in a shift in the SEC’s approach to <a href="https://en.coin-turk.com/trueusd-announces-strategic-partnership-with-moore-hong-kong-to-enhance-audit-system/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a>. New regulations are expected to challenge Gensler’s policies, which previously classified all cryptocurrencies except Bitcoin as securities.
GOP representative John Rose criticized the SEC for its silence regarding Prometheum’s Ethereum custody services. He stated, “The SEC should take a clear stance that Ethereum is not a security,” highlighting inconsistencies in current regulations.
The future of Prometheum hinges on the evolution of regulations in the US. The firm will strive to adapt to changing regulations and create new opportunities. However, differing opinions within the sector and regulatory uncertainties pose increasing challenges for the company.
Prometheum stands at a strategic crossroads amid the evolving US crypto policies. The post-Gensler era necessitates the firm’s adaptation to new regulations concerning cryptocurrencies.
The post <a href="https://en.coin-turk.com/prometheum-faces-new-opportunities-in-crypto-regulations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Prometheum Faces New Opportunities in Crypto Regulations</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Prometheum Faces New Opportunities in Crypto Regulations

Table of Contents

COINTURK NEWS

Other articles published on Nov 26, 2024

Sandbox (SAND) Faces Bearish Pressure After Hitting Yearly High

XRP Price Prediction: As Former Ripple Exec Says Brad Garlinghouse May Be Trump’s Crypto Tzar, Tr...

Best Meme Coins to Buy in 2024: From the Promising BTFD Coin to Crypto Legend Pepe Coin

VanEck Expands Crypto Product Portfolio with New SUI ETN for European Investors

Here is When Solana Will Make it to Top 3 Elite Club Flipping Tether

Sallar Supply Officially Verified by CoinMarketCap

Join our free newsletter for daily crypto updates!