On February 7, 2024, Prometheum, a crypto company boasting approval from FINRA to manage digital asset securities, announced its plan to offer custodial services for Ether (ETH) as provided under the Ethereum network. This move is controversial because Ether is not presently classified as a security under current SEC guidelines. Rather, the SEC has long treated Ether and other crypto assets as commodities. Prometheum’s move, has prompted the SEC to take another look at Ether. In this...