GOP House Financial Services Committee lawmakers demand that SEC Chair Gary Gensler explain how Prometheum won its unique approval as a broker-dealer for crypto
Jesse Hamilton / CoinDesk :
CoinDesk Jesse Hamilton
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Discussion
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@financialcmte
@financialcmte
on x
#NEW: Chairman @PatrickMcHenry led Republicans on the Financial Services Committee in letters to @FINRA and @SECGov regarding the shady approval of Prometheum as the only Special Purpose Broker-Dealer for digital assets. 👇 Read more 🔗 https://financialservices.house.gov/ ... [ima…
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@brian_armstrong
@brian_armstrong
on x
Well said. Blatantly political behavior from a regulator undermines trust in our institutions. Everyone deserves equal treatment under the law.
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@repfitzgerald
Rep. Scott Fitzgerald
on x
It's concerning that SEC Chair Gensler's first and only approval of a special purpose broker-dealer for digital assets was done for a company with strong ties to the CCP. I joined @FinancialCmte in demanding transparency around this decision.