US Lawmakers Have Alleged CCP Connection In DOJ Investigation Of Prometheum

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Prometheum

Around six members of the United State Congress have remarked to the Department of Justice, as well as the US Securities and Exchange Commission, to investigate Prometheum, as they claimed that the firm had multiple ties to the CCP or the Chinese Communist Party.

In a letter written on the 10th of July, Tommy Tuberville, the Senator from Alabama, and five separate members of the House of Representatives went on to allege that the co-CEO of the firm, Aaron Kaplan, might have provided false testimony at a hearing on 13th June on regulatory clarity in the crypto sphere. The lawmakers in the country also claimed that the firm was directly connected to investors who had ties with members of the CCP- the Shanghai Wanxiang Blockchain, and the HashKey Digital Asset Group.

Prometheum Under Fire

According to the Representatives, the testimony of Kaplan before Congress went on to suggest that Prometheum had been developed separately from HashKey and Wanxiang- allegedly contradicting information that the firm had previously provided in the SEC filings. The lawmakers also called on the SEC Chair, Gary Gensler, and Merrick Garland, the Attorney General, to look into this matter.

A lot of lawmakers within the Republican Party have often spoken about concerns with affiliations with entities that have bases in China. Former Senator Pat Toomey and Minnesota Rep. Tom Emmer had previously issued warnings on the utilization of the digital yuan at the 2022 Winter Olympics in Beijing. 

Kaplan, on his part, mentioned that Prometheum never misrepresented its relationship with Wanxiang. Any and all references to HashKey or Wanxiang being a co-founder, partner, or any other form of intermediary is pretty incorrect and dated.