U.S. Lawmaker Demands Investigation Into Prometheum
Bad News:
– Republican senator Thomas Tuberville demands investigation into Prometheum by the SEC and DOJ.
– Tuberville and other Republican lawmakers believe Prometheum may have provided false testimony to Congress or violated securities laws.
– Prometheum’s Co-CEO testified that they began developing their platform independently from China-based partners, but financial statements and SEC filings indicate continued reliance on Chinese subsidiaries.
Good News:
– The alleged inconsistencies in Prometheum’s statements and documents have raised concerns and caught the attention of lawmakers.
– Senator Tuberville urges a thorough review of Prometheum’s statements, financials, and SEC filings.
– Making false statements to Congress and submitting misleading statements in SEC filings are considered serious crimes.
Hot Take:
Senator Tuberville emphasizes the need for a comprehensive investigation due to the conflicting statements made by Prometheum and its connections to China-based entities with CCP ties. This investigation will shed light on the truth and ensure accountability for any potential false statements or securities fraud. It is crucial to uncover any wrongdoing and protect the integrity of the financial industry.
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