How are crypto firms responding to US regulators' enforcement actions?

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How are crypto firms responding to US regulators' enforcement actions?
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The co-CEO of Prometheum spoke to Cointelegraph on the firm's special purpose broker-dealer license and the regulatory challenges of operating in the United States.

by advocacy groups including the Blockchain Association and crypto-minded members of Congress.

“We are concerned that the [SEC] granted Prometheum a ‘sweetheart’ deal in exchange for support of the Commission’s policy goals, or that Prometheum is leveraging personal connections with the Commission to gain an unfair advantage in the market,”the Blockchain Association in July.

Gensler will be testifying before the U.S. House Financial Services Committee on Sept. 27 in a hearing on SEC oversight. According to a Sept. 22 memo, lawmakers will the SEC chair on matters including policies on digital asset custodial activities and expansion of the commission’s authority over crypto firms.

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