Blockchain Association Files Freedom of Information Act Request with SEC Seeking Information on Prometheum and SEC Interactions

The Blockchain Association, a crypto industry lobby group, filed a Freedom of Information Act (FOIA) request with the U.S. Securities and Exchange Commission (SEC), seeking information about Prometheum and the SEC’s interactions. Blockchain Association policy advisor Marisa Tashman Coppel tweeted that Prometheum was approved as the first special-purpose broker-dealer (SPBD) for digital asset securities during the US SEC enforcement process. The Prometheum CEO somehow took a seat in front of Congress and argued that Prometheum represented a path to compliance for digital assets. But Prometheum's claims are nonsense and not evidence of a compliance path. Prometheum is a broker-dealer, and in May of this year, the US Financial Industry Regulatory Authority (FINRA) granted broker-dealer Prometheum Ember Capital digital asset securities custody rights. Prometheum founder Aaron Kaplan said that Prometheum Capital is not only approved as a "special purpose broker-dealer" that can custody customers' encrypted assets, but also as an alternative trading system (ATS) for digital asset securities.