Doors open at Prometheum as hotly contested US firm tests crypto tokens as securities

Business survival is one of the industry’s few crucial tests, which would also include the outcome of several federal court battles. In Prometheum’s case, if the SEC accepts its business model, it could prove that it is possible to run a crypto platform under current laws, as SEC Chairman Gary Gensler has argued. But if the SEC puts an end to it, it counters the agency’s years-old argument that digital asset businesses need only comply with laws to satisfy the agency.