The Blockchain Association has filed a Freedom of Information Act (FOIA) request with the U.S. Securities and Exchange Commission (SEC), with an inquiry into the regulator’s interactions with Prometheum, a relatively lesser-known cryptocurrency exchange that has recently garnered significant attention.
Prometheum’s co-CEO Aaron Kaplan was recently invited to testify before Congress, a rare occurrence for an executive from a relatively obscure company in a nascent industry. During the session, Kaplan voiced his support for the SEC’s existing regulatory framework for cryptocurrency exchanges, while casting criticism on a significant portion of the industry. His statements have sparked intense discussions within the industry, and have elicited skepticism from some quarters.
Possible Inconsistencies: Prometheum’s Relationship with the SEC
Adding to the intrigue surrounding Prometheum’s operations is a revelation that the company paid over $1.5 million in sales commissions to a Chinese-affi
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