Prometheum’s Custodial Launch Puts SEC’s ETH Classification Spotlight

Prometheum Launches Custodial Services for Ethereum, Challenging Legal Status

Prometheum, a New York-based trading platform for crypto securities assets, has announced the launch of its custodial services for Ethereum (ETH). This move has raised significant implications for the legal status of the second-largest cryptocurrency. The company’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. Prometheum has positioned itself as a compliant player in the crypto industry by claiming to operate within existing laws.