Close Menu
Ztoog
    What's Hot
    Mobile

    10 tweaks for your new phone

    Technology

    MSI’s upcoming gaming handheld is Intel powered, pictures and benchmarks leak early

    Technology

    New Roomba combo bots have swappable dust and water tanks

    Important Pages:
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    Ztoog
    • Home
    • The Future

      How I Turn Unstructured PDFs into Revenue-Ready Spreadsheets

      Is it the best tool for 2025?

      The clocks that helped define time from London’s Royal Observatory

      Summer Movies Are Here, and So Are the New Popcorn Buckets

      India-Pak conflict: Pak appoints ISI chief, appointment comes in backdrop of the Pahalgam attack

    • Technology

      Ensure Hard Work Is Recognized With These 3 Steps

      Cicada map 2025: Where will Brood XIV cicadas emerge this spring?

      Is Duolingo the face of an AI jobs crisis?

      The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals (Ernest Scheyder/Reuters)

      The more Google kills Fitbit, the more I want a Fitbit Sense 3

    • Gadgets

      Maono Caster G1 Neo & PD200X Review: Budget Streaming Gear for Aspiring Creators

      Apple plans to split iPhone 18 launch into two phases in 2026

      Upgrade your desk to Starfleet status with this $95 USB-C hub

      37 Best Graduation Gift Ideas (2025): For College Grads

      Backblaze responds to claims of “sham accounting,” customer backups at risk

    • Mobile

      Samsung Galaxy S25 Edge promo materials leak

      What are people doing with those free T-Mobile lines? Way more than you’d expect

      Samsung doesn’t want budget Galaxy phones to use exclusive AI features

      COROS’s charging adapter is a neat solution to the smartwatch charging cable problem

      Fortnite said to return to the US iOS App Store next week following court verdict

    • Science

      Failed Soviet probe will soon crash to Earth – and we don’t know where

      Trump administration cuts off all future federal funding to Harvard

      Does kissing spread gluten? New research offers a clue.

      Why Balcony Solar Panels Haven’t Taken Off in the US

      ‘Dark photon’ theory of light aims to tear up a century of physics

    • AI

      How to build a better AI benchmark

      Q&A: A roadmap for revolutionizing health care through data-driven innovation | Ztoog

      This data set helps researchers spot harmful stereotypes in LLMs

      Making AI models more trustworthy for high-stakes settings | Ztoog

      The AI Hype Index: AI agent cyberattacks, racing robots, and musical models

    • Crypto

      ‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000

      Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why

      eToro eyes US IPO launch as early as next week amid easing concerns over Trump’s tariffs

      Cardano ‘Looks Dope,’ Analyst Predicts Big Move Soon

      Speak at Ztoog Disrupt 2025: Applications now open

    Ztoog
    Home » SEC Could Be Probed for Prometheum ‘Backroom Deal’
    Crypto

    SEC Could Be Probed for Prometheum ‘Backroom Deal’

    Facebook Twitter Pinterest WhatsApp
    SEC Could Be Probed for Prometheum ‘Backroom Deal’
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Share this text

    Congressman Ritchie Torres has submitted a proper request to scrutinize the controversial connection between the Securities and Exchange Commission (SEC) and cryptocurrency platform Prometheum, marking the newest transfer within the authorized and political storm involving the SEC.

    🚨 @SECGov is appearing like an overzealous visitors cop arbitrarily ticketing drivers whereas holding the pace restrict a secret.

    It prefers to speak by enforcement somewhat than by guidelines or steering. But that is no strategy to regulate digital property.

    I’m calling for an investigation. https://t.co/ZbiSk6oQ9F pic.twitter.com/n0hijAREDC

    — Rep. Ritchie Torres (@RepRitchie) July 13, 2023

    Torres dispatched letters on July 13 to the SEC’s Inspector General Deborah Jeffrey and the Government Accountability Office’s Comptroller General Gene Dodaro. He expressed frustration over the SEC’s lack of transparency in making use of securities legal guidelines to digital property, additional emphasizing the Commission’s use of enforcement over rulemaking or steering:

    “The SEC is like an overzealous traffic agent who arbitrarily tickets drivers for speeding while keeping everyone endlessly guessing about the speeding limit. Regulation by enforcement is no way to regulate.”

    Torres’ criticism is focused on the SEC’s choice in May to award a Special Purpose Broker-Dealer (SPBD) license to Prometheum. The crypto platform, established in 2017, has drawn skepticism as a consequence of its perceived operate as a political instrument somewhat than a professional buying and selling platform.

    Co-founder of Prometheum, Aaron Kaplan, grew to become a controversial determine after endorsing the SEC’s present regulatory strategy throughout a congressional listening to in June. Kaplan’s help, coupled with swirling social media hypothesis over Prometheum’s doable hyperlinks to Chinese traders, has solely added to the rising debate surrounding the platform.

    Marisa Tashman Coppel of the Blockchain Association submitted a request to the SEC on June 15, searching for readability on Prometheum, calling it “suspicious.”

    2/ The CEO one way or the other will get a seat in entrance of Congress and argues that Prometheum represents the compliant path for digital property.

    And they’ve paid $1.5+ million in gross sales commissions to a Chinese-affiliated entity with fairly the regulatory observe report.

    Hmmm 🤔

    — Marisa Tashman Coppel (@MTCoppel) June 15, 2023

    A month later, a collective of U.S. lawmakers pushed the SEC to delve into the corporate’s alleged ties to the Chinese Communist Party.

    As Torres rallies for an examination into the SEC’s course of for registering digital property platforms and its association with Prometheum, asking Jeffrey,

    “Examine the SEC’s failure to create a rigorous but workable process for registering real-world digital assets platforms and to examine the unusual backroom deal that the SEC has brokered with Prometheum.”

    Share this text

    The info on or accessed via this web site is obtained from unbiased sources we consider to be correct and dependable, however Decentral Media, Inc. makes no illustration or guarantee as to the timeliness, completeness, or accuracy of any info on or accessed via this web site. Decentral Media, Inc. just isn’t an funding advisor. We don’t give personalised funding recommendation or different monetary recommendation. The info on this web site is topic to alter with out discover. Some or all the info on this web site might grow to be outdated, or it could be or grow to be incomplete or inaccurate. We might, however should not obligated to, replace any outdated, incomplete, or inaccurate info.

    You ought to by no means make an funding choice on an ICO, IEO, or different funding based mostly on the data on this web site, and you need to by no means interpret or in any other case depend on any of the data on this web site as funding recommendation. We strongly advocate that you just seek the advice of a licensed funding advisor or different certified monetary skilled if you’re searching for funding recommendation on an ICO, IEO, or different funding. We don’t settle for compensation in any kind for analyzing or reporting on any ICO, IEO, cryptocurrency, foreign money, tokenized gross sales, securities, or commodities.

    See full phrases and situations.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Crypto

    ‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000

    Crypto

    Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why

    Crypto

    eToro eyes US IPO launch as early as next week amid easing concerns over Trump’s tariffs

    Crypto

    Cardano ‘Looks Dope,’ Analyst Predicts Big Move Soon

    Crypto

    Speak at Ztoog Disrupt 2025: Applications now open

    Crypto

    CME Expands XRP Futures Trading for Crypto Investors

    Crypto

    Top Analyst Predicts Ethereum Could Ignite Bull Rally If Price Surpasses $2,330

    Crypto

    Bitcoin Faces Critical Resistance At $91,000 As Short-Term Holders Hover At Break-Even

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Top Posts
    Mobile

    Samsung rolls out One UI 6.1.1 update for Galaxy S24 series, Flip5 and Fold5

    Samsung’s customized Android pores and skin, One UI 6.1.1, which was launched with the Galaxy…

    Mobile

    Nothing’s iMessage clone pulled from the Play Store over security concerns

    Nothing Chats, the iMessage clone that the firm launched earlier this week, has been pulled…

    Science

    Fiber Optics Bring You Internet. Now They’re Also Listening to Trains

    Stretching hundreds upon hundreds of miles below your ft, an internet of fibrous ears is…

    Technology

    22 Best Prime Day Laptop Deals Still Available

    The first day of Amazon’s Prime Day occasion is within the books. But when you did not…

    Mobile

    I tried a self-hosted Google Photos alternative but still can’t switch

    Robert Triggs / Android AuthorityCutting the cloud tether is more and more straightforward, with loads…

    Our Picks
    Crypto

    Crypto Community Abuzz For July

    The Future

    How can PDFSmart Editor Online help Your Company?

    The Future

    Fitbit Atrial Fibrillation Detection: Company Received FDA Approval for New Way to Measure Irregular Heartbeats

    Categories
    • AI (1,482)
    • Crypto (1,744)
    • Gadgets (1,796)
    • Mobile (1,839)
    • Science (1,853)
    • Technology (1,789)
    • The Future (1,635)
    Most Popular
    Science

    Bizarre portal-like ‘ring wormholes’ could let you time travel

    The Future

    I upgraded to D-Link business-grade hardware and I won’t look back

    Technology

    How to Stream Every ‘Halloween’ Movie in 2023

    Ztoog
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    © 2025 Ztoog.

    Type above and press Enter to search. Press Esc to cancel.