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b"\\u201cLack of regulatory clarity\\u201d is the catchall complaint levied against U.S. regulators by most major players in the crypto industry. But the founders of Bosonic and Prometheum disagree. Both firms have spent years chasing the necessary regulatory approvals to compliantly trade digital assets, including those seen as securities. Last week, Prometheum secured a potentially landmark approval to operate as a special purpose broker-dealer for digital asset securities. Prometheum co-founder Aaron Kaplan and Rosario Ingargiola, founder of Bosonic, which earlier secured a similar approval, discuss why big players like Coinbase need to quit carping in the court of public opinion and do the hard work of getting approved.\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhat Bosonic and Prometheum Capital do\\xa0\\n\\nhow Aaron and Rosario started working in crypto\\n\\nwhat it means to be a special purpose broker-dealer\\n\\nwhat the three-step letter from the SEC is and why it's relevant for scaling a digital asset business\\n\\nhow exchanges work in traditional finance and how crypto differs\\n\\nwhy Aaron believes there\\u2019s a \\u201cpathway forward for crypto in the U.S.\\u201d\\n\\nwhether the argument that there\\u2019s a lack of regulatory clarity is convenient for crypto incumbents\\xa0\\n\\nwhy Aaron agrees with SEC Chair Gary Gensler on his stance that everything except BTC is a security\\n\\nhow a token registration would work and what the nuances would be\\n\\nwhy Coinbase\\u2019s approval to be a publicly traded company does not mean that the SEC is in line with the business\\n\\nwhether ETH is a security, with Aaron arguing it is and Rosario saying it\\u2019s a commodity\\n\\nwhat the different requirements are for national securities exchanges and alternative trading systems\\n\\nwhat Aaron and Rosario would tell existing crypto companies as it relates to compliance\\n\\nwhether regulation kills innovation\\n\\nThank you to our sponsors!\\nCrypto.com\\nGuests:\\n\\nAaron Kaplan, co-CEO and co-founder of Prometheum\\n\\n\\nRosario Ingargiola, Founder and CEO of Bosonic\\n\\n\\nPrevious coverage of Unchained on crypto regulation:\\xa0\\n\\nEx-CFTC Commissioner Berkovitz Says \\u2018DeFi Should Be Regulated\\u2019 \\u2013 But How?\\n\\n\\u2018Is ETH a Security?\\u2019 Why Gary Gensler Couldn\\u2019t Give Congress a Straight Answer\\n\\nCoinbase's Legal Action Against the SEC: How It Will Likely Unfold\\n\\nRep. Emmer on Why He Believes Gary Gensler Is a \\u2018Bad-Faith Regulator\\u2019\\n\\nIs the Government Trying to Kill Off Crypto in the US?\\n\\nCoinbase\\u2019s Top Lawyer Calls SEC Wells Notice a \\u2018Massive Overreach\\u2019\\n\\nLinks\\n\\n\\nCoinDesk:\\xa0\\n\\nSEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms\\n\\nU.S. SEC Moves Toward DeFi Oversight as It Reopens Proposed Regulations\\n\\nPrepared Remarks of Gary Gensler On Crypto Markets Penn Law Capital Markets Association Annual Conference\\n\\nSEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities\\n\\nUnchained:\\xa0\\n\\nSEC Chair Gary Gensler Avoids Question: \\u2018Is Ethereum a Security?\\u2019\\n\\nCoinbase Seeks to Compel SEC Response to Rulemaking Petition\\n\\nSEC Asks Court to Deny Coinbase Demand for Crypto Rules\\n\\nFinancial Institutions Hub: SEC Proposal Targets Crypto Exchanges, Trading Platforms, and Brokers\\n\\nEmmer and Soto Introduce Bipartisan Bill to Provide Regulatory Clarity for Digital Assets\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"