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The letters increase “severe questions” about whether or not the SEC championed Prometheum as a poster agency to signify 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 property laws to the Home ground. For its half, Prometheum’s executives have insisted that they’ve been going step-by-step by means of the registration course of like another agency, and co-CEO Aaron Kaplan has argued that his agency will show the fitting strategy to construct a crypto platform that’s compliant with present guidelines.
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