House GOP: SEC must first decide if ETH is a security for Prometheum to custody it | Headlines | News | CoinMarketCap
03/27/2024 03:57
Republicans led by House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Glenn "GT" Thompson asked SEC Chair Gary …
The Block Crypto News17 minutes ago
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Published on March 26, 2024 20:40 GMT+00:00edited on March 26, 2024 20:44 GMT+00:00
Republicans led by House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Glenn "GT" Thompson asked SEC Chair Gary Gensler to further clarify the agency's stance on ether in a letter sent on Tuesday.
This comes as digital asset firm Prometheum, which has become the crypto industry's punching bag, said it plans to offer ether custodial services soon. The firm received its special purpose broker-dealer license from the SEC last year, which the lawmakers said would limit Prometheum's activities to just "digital asset securities."
"In order for Prometheum Capital to make its announcement that it will custody ETH and remain in compliance with the SEC’s SPBD regime, Prometheum Capital should have determined that ETH is a digital asset security …