🧵 1/3: The SEC-backed watchdog, FINRA, approved Prometheum Ember Capital LLC as its first broker-dealer with custody rights for digital assets securities. #crypto
🧵 1/3: The SEC-backed watchdog, FINRA, approved Prometheum Ember Capital LLC as its first broker-dealer with custody rights for digital assets securities. #crypto
🧵 2/3: FINRA also granted OTC Markets Group permission to legally provide trading for crypto securities, marking an important milestone for a compliant US crypto infrastructure.
🧵 3/3: Prometheum Capital, which was purpose-built to comply with SEC regulations, demonstrated that there is a way forward for crypto in the US, proving industry complaints about the absence of a path to US compliance are false.
🧵 Read more at: https://www.coindesk.com/policy/2023/05/23/come-in-and-register-these-firms-say-they-found-an-sec-friendly-crypto-path/