That said , Prometheum has already achieved first-in-industry status as a crypto security special-purpose broker-dealer , and has positioned itself as the SEC ' s poster child . Whether it can turn its favored status into a workable business remains to be seen .
Keith Blackman is a partner at Bracewell LLP .
The opinions expressed are those of the author ( s ) and do not necessarily reflect the views of their employer , its clients , or Portfolio Media Inc ., or any of its or their respective affiliates . This article is for general information purposes and is not intended to be and should not be taken as legal advice .
[ 1 ] https :// financialservices . house . gov / calendar / eventsingle . aspx ? EventID = 408851 . [ 2 ] https :// www . sec . gov / news / statement / gensler-coinbase-petition-121523 .