The company was licensed by the SEC in May 2023. Later, the head of the firm, Aaron Kaplan, spoke before the U.S. Congress in support of the current course of the regulator.
At the same time, he is suspected of having close ties with Chinese companies Shanghai Wanxiang Blockchain Inc. and HashKey. Both, according to US politicians, are supported by the Chinese government.
In July 2023, Congressman Richie Torres called on the Senate to investigate the deal. In August, Republicans followed suit. The SEC left both appeals unanswered.
Prometheum became the first licensed broker-dealer for digital assets in the United States. However, the Commission did not explain its choice in favor of this particular organization.
