US lawmakers press SEC and FINRA on Prometheum’s broker-dealer approval By Cointelegraph

United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding how Prometheum obtained a special purpose broker-dealer (SPBD) license.

In separate letters dated Aug. 9, House committee Chair Patrick McHenry and 20 other members wrote to SEC Chair Gary Gensler and FINRA president and CEO Robert Cook. The lawmakers questioned the “timing and circumstances” of FINRA approving Prometheum’s SPBD license as they were continuing to consider legislative solutions to regulatory gaps on digital assets.