Your Resource for Government on Crypto

Rep. Ritchie Torres (D-NY) has drafted requests for two investigations into the license granted to Prometheum Ember ATS by SEC, allowing the company to act as a cryptocurrency exchange. Rep. Torres is questioning whether the issuance of Prometheum’s Special Purpose Broker Dealer (SPBD) license was a political ploy by the SEC rather than a meaningful effort to assimilate digital assets into the current regulatory architecture.