This Crypto Company Favors SEC's Current Securities Laws, Says Those Who Argue Are 'Simply Now Willing To Comply'
Portfolio Pulse from Mehab Qureshi
Cryptocurrency firm Prometheum's co-founder and co-CEO, Aaron Kaplan, testified before the US House Committee, supporting the regulation of cryptocurrencies under current securities laws. Kaplan argued that existing laws apply to cryptocurrencies and those who argue for new crypto-specific laws are not willing to comply. However, Prometheum does not offer trading for Bitcoin or Ethereum.
June 15, 2023 | 7:01 am
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NEUTRAL IMPACT
Prometheum's co-CEO supports regulation of cryptocurrencies under current securities laws, but the firm does not offer trading for Bitcoin.
Aaron Kaplan's testimony supports the regulation of cryptocurrencies under current securities laws, which may have a neutral impact on Bitcoin's price. However, since Prometheum does not offer trading for Bitcoin, the direct impact on BTCUSD is limited.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Prometheum's co-CEO supports regulation of cryptocurrencies under current securities laws, but the firm does not offer trading for Ethereum.
Aaron Kaplan's testimony supports the regulation of cryptocurrencies under current securities laws, which may have a neutral impact on Ethereum's price. However, since Prometheum does not offer trading for Ethereum, the direct impact on ETHUSD is limited.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50