GC @Multicoin. Board $NAKA @BlockchainAssn @fund_defi FLAA. Lecturing Fellow @DukeLaw. Opinions are my own. Not a solicitation or offer for advisory services

Joined March 2011
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27 Jun 2025
On Tuesday, I had the honor of testifying before the Senate Banking Committee’s Digital Asset Subcommittee as they move on from GENIUS to consider market structure legislation. Some highlights from the hearing.
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Jalen Brunson will never have to pay for a grocery in NYC ever again. - the mayor, probably
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Greg Xethalis retweeted
There’s never been a better time to join the @CFTC as the agency prepares for its expanded mission.
The @CFTC is hiring. We’re recruiting the best and brightest to join our team and leveraging technologies like artificial intelligence to keep pace with the new frontier of finance and make efficient use of taxpayer dollars.
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Greg Xethalis retweeted
The name CLARITY says it all. For too long, crypto markets have operated under uncertainty and opaque rules. As @CFTC Chairman, I am committed to bringing clarity where it is needed most and building a future-proof regulatory framework that can stand the test of time. @MorningsMaria
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RT @SolanaInstitute: LIVE from Chicago: @DustyJohnson sits down with @EleanorTerrett, @jacqmelinek, and @thatgerald for a recording of @Cry…
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Greg Xethalis retweeted
“I am delighted to be leaving a seat that should not be occupied by the same person for too many years. Ours is a government grounded in timeless principles, not fleeting personalities. The SEC will benefit from energetic new voices with fresh ideas about how to protect our precious and powerful capital markets.” — Commissioner @HesterPeirce on her upcoming departure from the @SECGov.
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Greg Xethalis retweeted
I'm pleased to announce that today, the @CFTC is officially seeking public comment on a structured framework for evaluating the types of events that may underpin contracts traded on prediction markets. This proposal would give the CFTC durable, transparent rules of the road to identify the contracts Congress directed it to scrutinize while letting legitimate markets move forward pursuant to the public interest.
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Greg Xethalis retweeted
New research from @DCGco & @HarrisPoll found that 81% support a clear regulatory framework for digital assets, while 88% want policymakers to understand crypto before regulating it. Timely data as the Clarity Act moves closer to a Senate floor vote. Dive into the full results👇
Jun 10
NEW POLL: Voters that see crypto as a major election issue has doubled in the last two years from 20% in 2024 to 40% in 2026 With @HarrisPoll, we polled registered voters and found that Americans have embraced digital assets & want financial privacy theblockchainassociation.org…
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Greg Xethalis retweeted
Proud to be a signatory on this. Real leadership means standing up for the people building the future. Thank you to the lawmakers fighting to pass the CLARITY Act with the BRCA intact. This has been introduced by @TomEmmer and @RepRitchie in the House and @SenLummis and @RonWyden in the Senate as standalone. It is a core and essential part of CLARITY, protecting developers that are trying to keep American innovation onshore. Defending developers is defending America’s edge in the technologies that matter most.
This industry takes care of its builders. Thank you to the 60 CEOs and founders who sent a clear message to Senate leadership today: Pass the Clarity Act with developer protections and the BRCA intact. Developers who do not control user funds are not money transmitters. Read the full letter: t.ly/iXpDU
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RT @AMangiero: The ABA published a piece this week arguing staking rewards should be taxed like bank interest. I testified before @WaysandM…

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Multicoin was proud to join @standwithcrypto @BlockchainAssn @crypto_council @DigitalChamber and 200 others in calling for Senate leadership to push Clarity to the floor.
Stand With Crypto and over 200 organizations sent a simple message to Senate leadership: it's time for the Clarity Act. The community is unified — large companies, startups, associations, and grassroots groups across the country are counting on their lawmakers to deliver rules of the road for crypto in America. The Clarity Act passed the Senate Banking Committee with bipartisan support. Now it needs to cross the finish line. Tell your Senators you want Clarity 👇
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Greg Xethalis retweeted
Replying to @amandatums
“You need utility… and I think that’s a big unlock from Clarity.” Clearer rules would create the opportunity to have value capture, @xethalis explains. The opportunity right now? “Build things that are useful and add value.”
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Greg Xethalis retweeted
Starting off the “Crypto Colloquy Three” by @deptvc & Brogan Law, moderated by @AaronJBrogan Strong start with @xethalis saying @amandatums is the Jalen Brunson of crypto policy and leading a “go New York” chant 😂👏
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Always fun to sit down for an episode of Form and Structure with @sheila_warren and the crypto law OG 🐐 (@virtuallylaw). We chatted Clarity and Dad Jokes, mixed in with Senate calendar.
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Greg Xethalis retweeted
1992: Robert Shiller introduces the concept of perpetual futures. 2026: The first American perpetual future trade in history. 34 years in the making.
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Greg Xethalis retweeted
Insightful speech from SEC Commissioner @HesterPeirce! “Laws and regulations have a role to play, but they should be designed to encourage, not dissuade, you to invest your time and talent to build useful things,” she explained to @Princeton Blockchain Camp attendees. More👇
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Greg Xethalis retweeted
The @BlockchainAssn is live on Capitol Hill for our Law Enforcement & National Security Briefing Demo, showing policymakers how blockchain technology strengthens national security and supports law enforcement.
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Greg Xethalis retweeted
160 former national security, intelligence, and law enforcement professionals are sending a clear message to the Senate: advance the Clarity Act. Clear rules strengthen consumer protection, support investigators, and keep responsible digital asset innovation under U.S. oversight. America should lead.
1/ Today, we’re sending a letter to Senate Majority Leader Thune and Senate Democratic Leader Schumer signed by 160 former national security, intelligence, and law enforcement professionals in support of the Clarity Act. theblockchainassociation.org…
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Greg Xethalis retweeted
Hard to pick only a few favorite lines from this speech on privacy and technology by @HesterPeirce but these feel particularly relevant: “Too often, though, the discourse in [D.C.] about privacy casts anyone who demands it in a negative light. I have watched in troubled amazement as the goal of facilitating government surveillance drives regulatory decisions and expectations about how products and services should be built. The legitimate needs of people for products that protect their privacy take a backseat. Empowering government to be able to identify, pursue, and punish the bad guys is important to the security of the nation and its people, but so too is empowering people to protect information about their lives, including their financial lives... I urge us as a society to view technologies as an opportunity to increase people’s ability to protect themselves from bad actors, not as an opportunity for the government to watch more of what its citizens do. These new technologies should be an opportunity for us to refocus government surveillance on bad actors and activities that are most likely to be nefarious and away from the everyday actions of innocent people.” sec.gov/newsroom/speeches-st…
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Greg Xethalis retweeted
Tell me you haven't read the bill without telling me, JD. x.com/amandatums/status/2054…

Clarity Act Title III ("Responsible Innovation in Decentralized Finance") was added to the Clarity Act to address concerns related to illicit finance and digital assets. It did not exist in the September draft. It was specifically added in response to concerns raised by prosecutors/law enforcement, to provide even more tools than were already in Title II ("Protecting Against Illicit Finance"). Anyone saying this bill does not give enough tools or runway for law enforcement to go after bad actors should *actually read* read Title II or Title III.
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