Crypto In America The Latest On Crypto Regulation, Tax Policy, ETFs & Future Policy | Multicoin’s Gregory Xethalis
Dec 31, 2025
Gregory Xethalis, Partner and General Counsel at Multicoin Capital, shares his fascinating journey into crypto, influenced by the Winklevoss brothers. He discusses essential U.S. crypto regulatory changes and the need for politicians to comprehend digital currency to craft informed policies. Greg emphasizes the significance of the Genius Act, outlines vital tax clarity for digital assets, and forecasts the future landscape of ETFs. His optimism about crypto's role in the economy is palpable as he reflects on the growing potential of Digital Asset Treasuries.
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Regulators Want Safe Experimentation
- Greg argues the current U.S. regulators aim to adapt rules to enable experimentation rather than ban crypto.
- He cites Chair Atkins' speech as pivotal for building long-term, principled regulatory frameworks.
Tax Policy To Anchor Infrastructure
- Use tax policy to incentivize mining and staking infrastructure to remain or move onshore.
- Advocate treating newly created staking rewards as capital assets taxed on disposition rather than ordinary income.
Use Guidance To Unlock Legislation
- Push the IRS to align guidance with judicial precedent (Jarrett) to simplify staking taxation and unlock legislation.
- That alignment reduces scoring obstacles and makes crypto tax legislation easier to pass.