Blockchain Association lawyer Marissa Coppel announced this morning that the trade group had filed a Freedom of Information Act request with the U.S. Securities and Exchange Commission (SEC), seeking records relevant to Prometheum, a crypto broker. Prometheum co-CEO and a founder Aaron Kaplan spoke before the House Financial Services Committee on Tuesday, broadly in support of the Gary Gensler SEC’s positions on crypto regulation.
Given that Prometheum is not widely known, Kaplan’s appearance led to further scrutiny of the startup. Findings based on public records have since raised questions about the nature of Prometheum’s business practices and relationships.
Above all, many have questioned whether Prometheum has been accurate in presenting itself as a fully regulated crypto exchange, a claim that supports SEC Chair Gary Gensler’s position that existing regulations are sufficient for regulating crypto.
Source: Crypto Lobbyists ask SEC for Info on Prometheum, Mysterious ‘Regulated’ Crypto Firm
