Prometheum responds to its license scrutiny: the platform complies with federal securities laws, and its relationship with Chinese companies has been reviewed by the SEC

2023-08-16 08:43:32

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ChainCatcher news, according to FOX Business reporter Eleanor Terrett, digital asset company Prometheum responded to U.S. Republican lawmakers' concerns regarding its cryptocurrency brokerage license, stating that "Prometheum's technology is designed to develop a digital asset securities market infrastructure that complies with federal securities laws. This technology will serve as the cornerstone of a compliant and orderly digital asset securities market, protecting investors and serving their best interests. The U.S. Securities and Exchange Commission (SEC) and the Committee on Foreign Investment in the United States (CFIUS) have reviewed Prometheum's previous relationship with Wanxiang and its affiliates, and concluded the investigation without initiating a formal inquiry."

Previously, Prometheum signed an agreement with Wanxiang in 2018 to develop blockchain trading software, but that agreement was later terminated.

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