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- **Prometheum's Response to #Regulatory Concerns**: Digital asset company Prometheum has addressed inquiries from a Republican lawmaker regarding its crypto broker-dealer license. The company emphasized that its technology is designed to establish a compliant digital asset securities market infrastructure that adheres to federal securities laws.
- **Compliance and #Investor Protection**: Prometheum's technology is aimed at creating an orderly digital asset securities market that prioritizes compliance with securities regulations. The company emphasizes its commitment to protecting investors' interests by ensuring that its operations align with legal requirements.
- **Regulatory Oversight**: Prometheum highlights that both the U.S. Securities and Exchange Commission (SEC) and the Committee on Foreign Investment in the United States (CFIUS) have reviewed its previous association with Wanxiang and its affiliates. These regulatory bodies have concluded their assessments without initiating formal investigations.
- **Previous #Relationship with Wanxiang**: In 2018, Prometheum entered into an agreement with Wanxiang to develop blockchain trading software. However, this partnership was later terminated. The mention of this past collaboration underscores the company's history in the blockchain and digital asset space.
- **Regulatory #Assurance and Transparency**: Prometheum's response reflects its commitment to working within the regulatory framework and maintaining transparency with regulatory authorities. By addressing concerns and clarifying its approach to compliance, the company aims to build trust and #confidence in its operations within the digital asset market.
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- **Compliance and #Investor Protection**: Prometheum's technology is aimed at creating an orderly digital asset securities market that prioritizes compliance with securities regulations. The company emphasizes its commitment to protecting investors' interests by ensuring that its operations align with legal requirements.
- **Regulatory Oversight**: Prometheum highlights that both the U.S. Securities and Exchange Commission (SEC) and the Committee on Foreign Investment in the United States (CFIUS) have reviewed its previous association with Wanxiang and its affiliates. These regulatory bodies have concluded their assessments without initiating formal investigations.
- **Previous #Relationship with Wanxiang**: In 2018, Prometheum entered into an agreement with Wanxiang to develop blockchain trading software. However, this partnership was later terminated. The mention of this past collaboration underscores the company's history in the blockchain and digital asset space.
- **Regulatory #Assurance and Transparency**: Prometheum's response reflects its commitment to working within the regulatory framework and maintaining transparency with regulatory authorities. By addressing concerns and clarifying its approach to compliance, the company aims to build trust and #confidence in its operations within the digital asset market.
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Will TON Rebound After a 25% Plunge Following Durov's Arrest? 🤔
Toncoin ($TON ) experienced a significant price drop of 25% to $5.24 following the arrest of Telegram CEO Pavel Durov by French authorities, leading to widespread panic selling.
Despite the initial decline, market analysis suggests that TON may be set for a strong #rebound , similar to Binance Coin (BNB) after former Binance CEO Changpeng Zhao's sentencing. TON has bounced from a key support level within an ascending channel, and its RSI indicates it may be nearing a consolidation or rebound phase.
Additionally, rising open interest and funding rates in the futures market signal growing trader #confidence , suggesting a potential price increase towards $8.50.
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#Binance
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Toncoin ($TON ) experienced a significant price drop of 25% to $5.24 following the arrest of Telegram CEO Pavel Durov by French authorities, leading to widespread panic selling.
Despite the initial decline, market analysis suggests that TON may be set for a strong #rebound , similar to Binance Coin (BNB) after former Binance CEO Changpeng Zhao's sentencing. TON has bounced from a key support level within an ascending channel, and its RSI indicates it may be nearing a consolidation or rebound phase.
Additionally, rising open interest and funding rates in the futures market signal growing trader #confidence , suggesting a potential price increase towards $8.50.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
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Telegram Founder Pavel Durov Arrested in France 🚨
Telegram founder and CEO #Pavel Durov was arrested in France on August 24, 2024, after landing at Le Bourget airport near Paris. His arrest was linked to a search warrant issued by France's L’Office Mineurs (OFMIN), which is investigating alleged offenses including fraud, drug trafficking, cyberbullying, and organized crime, with a focus on Telegram's content moderation practices. Durov is expected to appear in court and could face up to 20 years in prison.
The arrest has prompted reactions from notable figures like #Elon Musk, who expressed support for Durov using the hashtag #FreePavel , and Ethereum co-founder Vitalik Buterin, who voiced concerns about the implications for software and communication freedom in Europe.
Meanwhile, TON, the blockchain protocol integrated with Telegram, remains operational, and its community has rallied behind Durov. Telegram has not yet commented on the incident.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Telegram founder and CEO #Pavel Durov was arrested in France on August 24, 2024, after landing at Le Bourget airport near Paris. His arrest was linked to a search warrant issued by France's L’Office Mineurs (OFMIN), which is investigating alleged offenses including fraud, drug trafficking, cyberbullying, and organized crime, with a focus on Telegram's content moderation practices. Durov is expected to appear in court and could face up to 20 years in prison.
The arrest has prompted reactions from notable figures like #Elon Musk, who expressed support for Durov using the hashtag #FreePavel , and Ethereum co-founder Vitalik Buterin, who voiced concerns about the implications for software and communication freedom in Europe.
Meanwhile, TON, the blockchain protocol integrated with Telegram, remains operational, and its community has rallied behind Durov. Telegram has not yet commented on the incident.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
