Ethereum

Coin

<ul class="news-points"> 
 <li>U.S.-registered securities platform Prometheum will manage ETH as the first digital asset security for institutional clients.</li> 
 <li>The development has ignited criticisms regarding ETH’s preferential treatment.</li> 
 <li>Some believe it potentially strengthens the assertion that ETH could be considered a security.</li> 
</ul> 
In a recent <a href="https://x.com/PrometheumInc/status/1755278007478993294?s=20" target="_blank" rel="nofollow">post</a> on X, Prometheum, the only U.S.-registered crypto securities platform, disclosed that the first virtual asset it will manage for institutional clients will be <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" target="_blank" rel="noreferrer noopener">Ethereum (ETH</a>). The notification particularly mentioned ETH as “the first digital asset security for institutional custody.” 
Moreover, Prometheum Co-Founder Aaron Kaplan reportedly confirmed the development during a recent interview, in which he remarked: 
<blockquote class="wp-block-quote is-style-default"> 
 We want to be able to service the largest market cap and most liquid token. Ethereum is first, and there should be many more thereafter. 
</blockquote> 
This recent announcement of ETH as the inaugural “digital asset security” for institutional custody has ignited scrutiny regarding ETH’s preferential treatment in the eyes of U.S. regulators.&nbsp; 
For instance, notable crypto personalities like on-chain sleuth Mr. Huber remarked that even Eth…
The post <a href="https://coinedition.com/prometheum-names-eth-first-security-asset-sparking-fuss/">Controversy Erupts Amid Claims of ETH Becoming First “SEC-Compliant Token” for Institutional Custody</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Controversy Erupts Amid Claims of ETH Becoming First “SEC-Compliant Token” for Institutional Custody

Coin Edition

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