It is interesting that Prometheum has the only approved Special Purpose Broker Dealer License.
https://www.prometheum.com/
This is clearly a grab for legal framework and ultimately control / money - it feels super similar to the Bit License fiasco. Gary is likely a future advisor.
I'm not convinced that with a more rigorous special purpose broker dealer license will prevent future rug pulls. The SEC has proven time and time again to not protect consumers.
WeWork, GameStop - or basically any SPAC or Venture Backed IPO in the last 24 months were a disaster.
The SEC wanted in on the action through future consulting opportunities and advisor roles. The shitcoins are simply the casualty for control of the exchanges.
That said, #Bitcoin doesn't care and that's the signal.
StackSats / Brad Myers
npub17n…n4sd4
2023-06-06 22:54:17
Author Public Key
npub17n08tjsjsu0lmg7f035zl5s4e0nmh4luc6je63m0k58d47sxntxq3n4sd4Published at
2023-06-06 22:54:17Event JSON
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