Prometheum – investigation
Senator Tommy Tuberville (R, AL) and 5 Republican members of the U.S. House of Representatives alleged yesterday that Prometheum co-founder and CEO Aaron Kaplan may have “provided false testimony” in front of a House Financial Services (HFS) Committee hearing on digital assets on June 13.
In a Congressional letter (see it here – PDF) addressed to U.S. Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler, the Congressional group asks for an investigation into whether or not a China-based investor named Shanghai Wangxiang Blockchain, Inc., was still supporting Prometheum well beyond the end of the 2019 time period Kaplan had suggested in written HFS testimony on June 13. “Wangxiang” as it is known is believed to have connections to the Chinese Communist Party (CCP). The Congressional Members point to Prometheum’s SEC filings which admit to Wangxiang’s continued involvement with the company’s platform beyond 2019.
CoinDesk notes that Wangxiang has a 20% stake in Prometheum today which Kaplan has admitted previously to the SEC.
FINRA, The FBI and the Director of National Intelligence are all cc’d on yesterday’s letter.
more tips:
(Opinion) U.S. Sen. Tommy Tuberville: It’s past time for the DOJ and the SEC to investigate Prometheum’s ties to China – 1819 News
Continue reading “Republicans Request Prometheum Investigation; Bipartisan Support Grows?”