US lawmakers press SEC and FINRA on Prometheum’s broker-dealer approval

United States lawmakers on the Home Monetary Providers Committee have demanded solutions from the heads of the Securities and Alternate Fee (SEC) and Monetary Business Regulatory Authority (FINRA) relating to how Prometheum obtained a particular function broker-dealer (SPBD) license.

In separate letters dated Aug. 9, Home committee Chair Patrick McHenry and 20 different members wrote to SEC Chair Gary Gensler and FINRA president and CEO Robert Prepare dinner. The lawmakers questioned the “timing and circumstances” of FINRA approving Prometheum’s SPBD license as they have been persevering with to think about legislative options to regulatory gaps on digital belongings.

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