Coin

<ul class="news-points"> 
 <li><strong>Prometheum’s response to concerns raised by the committee emphasizes their technology’s compliance with federal securities laws.</strong></li> 
 <li><strong>The committee addressed letters to FINRA and SEC about Prometheum’s approval process as the first Special Purpose Broker-Dealer for digital assets.</strong></li> 
 <li><strong>Crypto influencer BitBoy Crypto, Coinbase CEO Brian Armstrong, and Rep. Scott Fitzgerald raised similar concerns.</strong></li> 
</ul> 
<p>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 <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a> regarding the approval process for Prometheum as the pioneer Special Purpose Broker-Dealer (SPBD) for digital assets.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: <a href="https://twitter.com/PrometheumInc?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@PrometheumInc</a> responds to today’s letters from <a href="https://twitter.com/FinancialCmte?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FinancialCmte</a> Republicans to <a href="https://twitter.com/FINRA?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FINRA</a> and the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a> regarding details on the approval of its Special Purpose Broker-Dealer for digital assets. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447-1f3fc.png" alt="👇🏼" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/dGruaQgqMH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dGruaQgqMH</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1691558568007250329?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 15, 2023</a> 
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<p>In reaction to these concerns, Prometheum issued a statement:</p> 
<blockquote class="wp-block-quote"> 
 <p>Prometheum purpose-built its …</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/prometheum-responds-to-republican-concerns-on-finra-sec-approval/">Prometheum Responds to Republican Concerns on FINRA, SEC Approval</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Prometheum Responds to Republican Concerns on FINRA, SEC Approval

Coin Edition

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