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Warning from Aaron Kaplan: Compliance with Federal Securities Laws Crucial for Survival
In this video interview, Prometheum's Founder and Co-CEO Aaron Kaplan shares his insights with Ernest Hoffman of Kitco News. Kaplan emphasizes that the days of crypto firms evading responsibility for their profits are coming to an end. The interview takes place shortly after Prometheum becomes the first regulated crypto custodian in the U.S., approved by the SEC. Kaplan delves into the evolving crypto industry in the country, the SEC's stance on token securities, and the challenges associated with a digital dollar. Stay tuned for an engaging discussion on the changing landscape of crypto.
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Prometheum on Twitter: @PrometheumInc (https://twitter.com/PrometheumInc)
0:00 - SEC compliance framework
2:19- Prometheum will succeed
3:34 - Legacy crypto in trouble
5:14 - SEC is right, tokens are securities
6:23 - FTX killed old paradigm
7:57 - Crypto will comply or die
8:59 - SEC dissention
10:51 - Ripple ruling
13:45 - Stablecoins and CBDC
20:53 - MiCA and UK crypto regulation
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