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Prometheum
A company with custody plans that could lead the SEC to designate Ethereum a security
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Feb 10, 2024
• 14min
Could Prometheum's Custody Plans Force the SEC on Ethereum?
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Prometheum discusses their Ethereum custody plans and the potential consequence of the SEC designating Ethereum a security. Controversy surrounding Prometheum's plans, including speculation about its connection to a Chinese crypto firm and allegations of unethical behavior by the SEC. Discussion on the SEC's behavior in crypto enforcement cases and progress in stablecoin legislation negotiations. Recent appeal won by Do Kwan against extradition and speculation on lawsuits involving Kwan Base and the SEC.
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