The SEC’s odd pick: Unmasking Prometheum

The following is a guest post from Hamilton Keats, CEO and co-founder of Krayon Digital.
In an attempt to demonstrate that there’s a path forward for crypto firms within the existing regulatory framework, the SEC extended an invitation to Prometheum to the House Financial Services Committee hearing on digital assets.
This firm, relatively unknown until now, is being held up as an example of compliance by the SEC but Prometheum’s background is sketchy. It’s alleged that the firm is connected to multiple crypto scams and possibly funded by the Chinese Communist Party (CCP) .
The timing of this hearing dovetails with a season of intense scrutiny by the SEC against other firms who have strived regulatory dialogue – firms who arguably deserve a better chance than Prometheum at operating within a compliant framework.
Let’s unpack this bizarre series of events
On June 13th, the House Financial Services Committee held a hearing on “The Future of Digital Assets: Providing Clarity fo

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