Fred Ehrsam Transitions to a Less Prominent Role at Paradigm
Fred Ehrsam, the co-founder and managing partner of Paradigm, has announced that he will be transitioning to a less prominent role within the company. While he will maintain his engagement with Paradigm, he will no longer be involved in the day-to-day managerial operations. Instead, Ehrsam will focus on working with the investing and research teams, portfolio companies, and advocating for good crypto policy.
Commitment to Ongoing Industry Involvement
Ehrsam emphasizes his commitment to collaborating with Matt Huang, co-founder of Paradigm, and the entire team to continue pushing the frontier of crypto forward. He also expresses his desire to explore areas of science that personally interest him.
Paradigm’s Stance on US Crypto Regulation
Paradigm has been vocal about its stance on US crypto regulation. The firm believes that the US Securities and Exchange Commission (SEC) has exceeded its jurisdiction in regulating crypto. In an amicus brief filed in the lawsuit between the SEC and Binance, Paradigm argued that the SEC has acted beyond its statutory authority.
Transition Amidst Ongoing Disputes
It is worth noting that Fred Ehrsam’s transition comes at a time when Binance is engaged in an ongoing dispute with the SEC. The CEO of Binance.US, Brian Shroder, recently departed from his position as well. However, Norman Reed has taken over as the Chief Legal Officer.
Hot Take: Fred Ehrsam’s Continued Confidence in Crypto
Despite his career transition, Fred Ehrsam remains confident in the future of crypto. Having spent over a decade in the industry, he believes that crypto will be one of the most world-changing technologies in the coming decades.
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