Aaron Kaplan, co-CEO of Prometheum, and Rodrigo Seira, special counsel at Paradigm, dive into the heated debate on crypto regulation. Kaplan argues that Prometheum is paving a compliant path for digital assets, while Seira challenges the feasibility of the current SEC framework. They discuss the complexities of token classification, the relevance of the Howey Test, and the implications of SEC licensing. The episode highlights diverging views on what constitutes a successful crypto exchange and the future of regulatory compliance in the industry.