On the recordMay 22, 2024
Mr. Chair, I thank the gentleman from South Carolina for yielding to me to speak in support of this amendment. It allows me to illustrate two things. First is that Prometheum, while it was approved as a special purpose broker-dealer for digital assets, has not accomplished anything. It has no business, yet it also has this partnership with the CCP, so there is an illustration that FIT21 would allow us to have the guidance on how to register a broker-dealer. Secondly, I fully support Mr. Norman and his concerns about the influence of foreign adversaries on people registered in the United States. It is a clear issue, and we have an investigation going on, on why the SEC has not pursued this itself. I rise in support of Mr. Norman's effort. It is a good amendment. Let's add it to the bill and pass FIT21.
