Prometheum “may have provided false testimony to Congress or violated U.S. securities laws,” the open letter began. The lawmaker said Prometheum CEO Aaron Kaplan told Congress that it developed its own blockchain platform independently starting in December 2019. However, in SEC filings filed through 2021, Prometheum said it depended on Shanghai Wanxiang Blockchain, Inc., a Chinese firm Tuberville alleged had ties to the Chinese Communist Party.
Related posts
-
Latam Insights: El Salvador’s IMF Bitcoin-Braking Deal and Argentina’s Cyberspace Crypto Patrol
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin... -
Binance Founder CZ Warns: Receiving Crypto This Way Could Instantly Empty Your Wallet
Crypto owners risk losing everything by accepting assets via... -
‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto
Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online...