🩸#ETH Ethereum – "security"...

▫️Prometheum (regulated by the SEC) will start offering ETH custody services to its clients by the first week of June. (TheBlock)

▫️In December, after receiving licenses from the SEC and FINRA, the company became the only registered "cryptocurrency securities exchange" in the US.

▫️#conspiracy There are suspicions of collusion between Prometheum and the SEC – Gensler has mentioned Prometheum multiple times as proof that no new crypto regulations are needed in the US.

▫️US senators consider Prometheum's activities illegal, as ETH "is not a security," and the green light from the SEC is seen as Gensler's attempt to prove his point.

▫️The SEC has considered Ethereum a security for over a year – an investigation is underway. (Those involved may be summoned to court).

▫️Companies like ConsenSys, Robinhood, and Uniswap have already received Wells notices.

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