The business’ survival represents one of a handful of crucial industry tests, which would also include the outcome of a number of federal court battles. In Prometheum’s case, if the SEC accepts its business model, that could prove it’s possible to run a crypto platform under current laws, as argued by SEC Chair Gary Gensler. But if the SEC puts a stop to it, it counters the years-old argument from the agency that digital assets businesses need only comply with the laws to satisfy the agency.
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