BitBoy Crypto Uncovers Secret Crypto Takeover Plan by SEC and Prometheum

• BitBoy Crypto raises alarm about crypto startup Prometheum’s connections to SEC.
• The analyst raised suspicions of a secret crypto takeover plan by Gensler and Prometheum.
• CEO Aaron Kaplan’s congressional testimony sparks doubts about SEC’s preferential remedy.

In a latest YouTube video, crypto influencer BitBoy Crypto mentioned a improvement involving the crypto startup Prometheum and its alleged connections to U.S. Securities and Alternate Fee (SEC). BitBoy Crypto raised suspicions a few potential secret crypto takeover plan orchestrated by Gensler and Prometheum, presenting proof to assist these claims.

BitBoy Crypto scrutinized the potential affect of Gary Gensler, the SEC Chair, on Prometheum’s favorable remedy. He argued that Gensler’s involvement, coupled with Prometheum’s ties to the Chinese language Communist Get together (CCP) and Wanxiang Blockchain, raised severe considerations concerning the firm’s integrity and compliance with laws.

Prometheum, a comparatively unknown firm within the crypto area, has lately gained consideration for changing into the primary ATS (Different Buying and selling System) platform to be accepted by the SEC. The agency says it’s the primary SEC-registered Particular Goal Dealer-Supplier (SPBD) for digital asset securities. Nevertheless, BitBoy Crypto identified a number of crimson flags associated to the corporate.

The video featured Aaron Kaplan, the CEO of Prometheum, making daring statements throughout a congressional listening to, accusing different crypto firms of being criminals. Kaplan’s testimony raised eyebrows because it hinted on the existence of particular exemptions given to Prometheum by the SEC, indicating potential preferential remedy. Rep. Mike Flood debunks Prometheum’s declare of SPBD approval as proof of regulatory compliance, calling it “nonsense.”

Moreover, BitBoy Crypto expressed considerations concerning the firm’s lack of transparency, labeling it “vaporware” attributable to its absence of a working platform. Moreover, Prometheum’s connections to questionable entities like Community 1 Monetary Securities, beforehand concerned in a scandalous iced tea-to-blockchain pivot, additional fueled skepticism.

The video additionally highlighted the alternate between Kaplan and Laura Shin, the place Kaplan appeared evasive and deflective, fueling suspicions about Prometheum’s true intentions.