Why Is Prometheum suddenly showing up as a Congressional Witness?
Why are the tokens they listed in ’22 (Filecoin, Flow, et al) many of the same tokens that the SEC has now first listed in their actions against Coinbase and Binance?
There are three possible answers:
1) These are plants who are being given a sweet regulatory deal in exchange for engaging in the way the SEC wanted to (just like Gary was working on with SBF)
2) These guys are using their SEC and FINRA connections to push an agenda to get certain assets deemed securities and for them to be the only approved player to capture the market.
3) These guys are grifters who raised a ton of money from sketchy sources and for years have been twisting worst and progress to continue to ride the grift.
Plants, patsies, or opportunists – its unclear, but the fact Gensler is letting them run around with SEC approval is a red flag.
Prometheum 20% owned by CCP Network 1 Financial
A shady broker with a Chinese affiliated firm and a horrible compliance track record of more than 20 regulatory or civil actions against them.
1/23
Hoooooo baby this Prometheum story gets even better.
So they started in 2017 when they filled their Reg A+ and aimed to raise $50M.
But how did these random lawyers supposedly get approval from the SEC and FINRA? pic.twitter.com/6jLMUPldnY
— Adam Cochran (adamscochran.eth) (@adamscochran) June 15, 2023
Prometheum Executive Team
The Kaplan’s run deep in the DNC circles
Prometheum is an SEC Shill / Plant
Paul Barron
U.S. Hearing Entitled: “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem” where $USDC issuer Circle and Layer-1 Blockchain Avalanche ($AVAX) joined together to discuss crypto regulation and two digital asset legislation draft bills. Meanwhile, an SEC shill was brought on to defend the SEC’s recent actions against the entire market.
6/15/23 BlackRock is reportedly set to file an application for a #Bitcoin ETF, utilizing Coinbase Custody and spot market data to enhance accessibility for institutional investors.
The SEC, the regulatory authority responsible for overseeing ETFs in the United States, has thus far rejected every application for a spot bitcoin ETF.
If approved, the Bitcoin ETF would open doors to a new wave of adoption and provide investors with an unprecedented opportunity to participate in the Bitcoin market through a regulated and accessible investment vehicle.
Hashkey, who funded Prometheum, is also invested in Custodia Bank as their only listed investment. PJT Partners is the same company Bill Hinman was flagged for holding when he joined the SEC and their only investment listed is Custodia Bank. Coincidences…
https://twitter.com/cowboycrypto313/status/1669334030662225920