Weekly Roundup 06/09/23 (SEC v Coinbase and Binance, Market Structure bill, the curious case of Prometheum) (EP.430)
On The Brink with Castle Island
The SEC Approval of Promethean Ember Capital
Promethean Ember Capital was approved by the SEC to operate as a digital asset securities broker dealer. Promethean is actually owned by a Chinese group that's affiliated with the Chinese Communist Party. This reminds me of the FTX saga, where Gensler is giving airtime meetings,. his attention to FTX, totally bad actor. Meanwhile, stymying the domestic crypto industry.
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