Prometheum, a firm with a license to operate in crypto-based securities, faces uncertainty as SEC Chairman Gary Gensler resigns and pro-crypto Donald Trump prepares to take office in 2025.
The potential shift in the classification of cryptocurrencies under the Trump administration could challenge Prometheum's operations, as its business model relies on the classification of many tokens as securities.
Prometheum's co-CEO, Aaron Kaplan, expresses optimism and believes that the Trump administration will lead to the issuance of trillions of securities based on blockchain technology.
Despite skepticism from critics, Kaplan states that Prometheum is in the early stages of development and is engaged in discussions with financial institutions to expand its reach beyond crypto.