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Prometheum Responds to Republican Concerns on FINRA, SEC Approval

Published 16/08/2023, 12:11
Prometheum Responds to Republican Concerns on FINRA, SEC Approval
COIN
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  • Prometheum’s response to concerns raised by the committee emphasizes their technology’s compliance with federal securities laws.
  • The committee addressed letters to FINRA and SEC about Prometheum’s approval process as the first Special Purpose Broker-Dealer for digital assets.
  • Crypto influencer BitBoy Crypto, Coinbase (NASDAQ:COIN) CEO Brian Armstrong, and Rep. Scott Fitzgerald raised similar concerns.

Prometheum Ember Capital LLC’s response takes the spotlight amid growing concerns raised by Republican members of the House Financial Services Committee. The committee has reached out to the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) regarding the approval process for Prometheum as the pioneer Special Purpose Broker-Dealer (SPBD) for digital assets.

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