Digital asset market infrastructure provider Prometheum completes its first cryptocurrency transactions, as the compliance advantages during Gary Gensler's tenure face weakening
By: rootdata|2026/05/21 04:45:08
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According to Decrypt, digital asset market infrastructure provider Prometheum has officially completed its first batch of cryptocurrency transactions after nearly a decade of establishment and raising approximately $100 million, currently only supporting Ethereum transactions.
Prometheum has been controversial in the industry for supporting the compliance path and regulatory stance of the U.S. SEC during Gary Gensler's tenure, and in 2023 became the first company to obtain a Special Purpose Broker-Dealer (SPBD) license from the U.S. SEC and FINRA, allowing it to custody digital asset securities under a federal regulatory framework. However, with Gary Gensler's departure, the U.S. SEC's withdrawal of lawsuits against companies like Coinbase, and the regulatory framework shifting to a more lenient model, the compliance and custody license advantages that Prometheum has built over the long term are being weakened.
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