Political Quotes

“Mr. Chair, my amendment is pretty simple. It requires the Treasury Secretary in consultation with the CFTC and the SEC to complete a study and submit a report to Congress that identifies any digital asset registrants that are owned by governments of foreign adversaries. The report will determine whether foreign adversary governments are collecting or trading personal data about American citizens in the digital asset markets and evaluate whether foreign adversary governments are misusing or stealing any proprietary intellectual property of digital asset registrants. The GAO is required to complete a study and submit a report to Congress on the very same issues. This amendment would promote transparency regarding how our Nation's strategic enemies may be exploiting the digital asset marketplace to invade the privacy of Americans and steal valuable intellectual property. In June 2023, the Financial Services hearings that focused on the very bill that we are considering today, Aaron Kaplan, the CEO of, Prometheum, the first and only SEC/FINRA approved Special Purpose Broker-Dealer for digital assets, stated that Prometheum and its CCP partners entered into a joint agreement in December 2018 to develop a blockchain trading system where the Chinese partner took a 20 percent stake in Prometheum. In case anyone has any doubts about the CCP ties, Prometheum's Chinese partner company was founded in 1969 by a former senior CCP official.…”