Prometheum, a lesser-known crypto firm based in New York, has gained approval from both the SEC and FINRA, causing controversy in the crypto community. During a US House Financial Services Committee hearing, Representative Mike Flood called the approval "nonsense" as the firm doesn't offer trading in top crypto assets Bitcoin and Ethereum.

However, co-CEO Aaron Kaplan believes the clear path forward for the digital asset industry in the US is through the current regulatory frameworks set up by the SEC. The approval is controversial as many Prometheum employees are former SEC and FINRA staffers.