- **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.