Blockchain company PrometheumInc was relatively obscure until its co-founder Aaron Kaplan testified at a recent Congressional hearing, giving a rather contrary take on crypto compliance compared to much of the industry.
Subsidiaries of the company are notable for their registrations with the SEC and approvals from the Financial Industry Regulatory Authority .
In May, subsidiary Prometheum Ember Capital was the first firm to offer custody of digital assets as a qualified custodian afterIn October 2022, its subsidiary Prometheum Ember ATSWhat did Kaplan say?, Kaplan argued that multiple frameworks provided by the SEC have “clearly laid out” a “compliant path forward for crypto in the United States.”
He even provided a glowing review of the regulator, calling it “the most capable financial markets regulatory agency in the world.” Prometheum's stance is clear: There is a path forward for digital assets in the U.S. through the current regulatory frameworks set up by federal securities laws. Hear Aaron Kaplan's testimony in front of the House Financial Committee here:
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