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Prometheum Just Declared UNI, and ARB Are Securities Now Because Clearly 2023 Has Been All About Adulting Your Crypto

BitcoinCrypto NewsEthereum 2 Doug Martinez August 22, 2024

An illustration of Prometheum's logo, Uniswap's logo and Arbitrum's logo standing together holding briefcases with dollar signs attached, while an image of the SEC building stands in the background looking at them through a pair of binoculars. The three logos are surrounded by various digital assets such as coins and tokens floating around them. In the foreground, there is a calendar showing 2023 on it. A few scattered papers can be seen with some words like "securities" written on them.

Prometheum’s announcement that they’re going to add UNI, and ARB as securities has me scratching my head – what next? Are we gonna start seeing Bitcoin classified as a security too? I mean who needs the freedom of decentralized money when you can have some fancy-pants SEC-qualified custodian telling us how it is.

Source: cointelegraph

Prometheum labels UNI, ARB securities in custody expansion
https://cointelegraph.com/news/prometheum-uniswap-arbitrum-digital-securities
Digital asset trading and custody firm Prometheum has announced that it will add Uniswap and Arbitrum to its custodial platform, where they will join Ether. Prometheum describes the tokens as “digital asset securities.” Custodial services should be available in the third quarter of the year. The classification of Uniswap (UNI) and Arbitrum (ARB) as securities may be controversial in some quarters, although Prometheum has made the same claim about Ether […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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