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The letters increase “critical questions” about whether or not the SEC championed Prometheum as a poster agency to symbolize Gensler’s place that no new legal guidelines are wanted to manage and police crypto within the U.S., simply as McHenry’s committee was about to ship digital belongings laws to the Home ground. For its half, Prometheum’s executives have insisted that they’ve been going step-by-step via the registration course of like every other agency, and co-CEO Aaron Kaplan has argued that his agency will reveal the fitting approach to construct a crypto platform that’s compliant with present guidelines.
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