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Prometheum's ATS Listing Plans Raise Regulatory Questions for Digital Asset Securities

June 30 (Cointime) - During a House of Representatives hearing, Aaron Kaplan, co-CEO of Prometheum Inc., praised the SEC as the most capable financial markets regulatory agency in the world, causing controversy within the industry.

Prometheum plans to demonstrate that no new crypto rules are needed, but concerns have been raised about the company's plan to handle the trading of registered or exempted crypto securities.

Prometheum's plans to list five token projects on its alternative trading system have raised questions about the status of these tokens as securities, with critics arguing that issuers must file updated information with the SEC themselves to be considered legitimate securities. However, Prometheum has resolved the question, with Aaron Kaplan taking on the role of public advocate for the company.

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