U.S. House of Representatives Calls for Investigation of SEC Grant of SPBD License to Prometheum and Other Practices

U.S. Rep. Ritchie Torres tweeted that she is asking the U.S. Securities and Exchange Commission (SEC) to conduct two separate investigations into the "casual and harsh approach to digital assets." Torres sent a letter to the US SEC Inspector General Deborah Jeffrey and the Eighth US Comptroller Gene Dodaro, requesting an investigation into the SEC's granting of a special purpose broker-dealer (SPBD) license to Prometheum under unusual circumstances and failure to provide real-world digital assets. The registration of the platform establishes a strict but feasible process.