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Fortune
Fortune
Jeff John Roberts

The SEC's only 'regulated' crypto exchange is a joke–and everyone knows it

On Tuesday, a good portion of the very online crowd known as Crypto Twitter will be listening to a podcast pitting a lawyer from the VC firm Paradigm against another attorney who leads an outfit called Prometheum. Ordinarily, two lawyers going at it is not must-listen material, but this is an exception because it involves a high-stakes issue—and because, based on a preview, it's set to be the audio equivalent of a knockout.

The podcast, hosted by crypto journalist Laura Shin, features Paradigm lawyer Rodrigo Seira, a Harvard Law graduate and veteran of several elite law firms, including tech-focused Cooley. His counterpart on the show is Aaron Kaplan, whose alma mater, Thomas Jefferson, is best known for its graduates passing the bar at an abysmal 25% rate and for losing its accreditation. Ordinarily, I don't put much stock in where someone went to school—I've met plenty of Ivy League dimwits—but it matters in this case because the topic at hand is the very technical subject of securities law.

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