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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How Greg Entered Crypto
- Greg traced his crypto start to being hired by the Winklevoss brothers to work on a Bitcoin ETF and Gemini in 2012.
- He wrote early disclosures in 2013 and shifted his practice from funds to crypto within months.
From Skepticism To Practice Adoption
- Greg recounted skeptics at his old firm calling Bitcoin a Ponzi scheme and the career risk of switching to crypto.
- He later noted that many of those firms now have substantial crypto practices.
Hire Real Counsel Early
- Do not rely on ChatGPT or your VC to replace experienced outside counsel for legal and regulatory work.
- Align portfolio companies with the right lawyers early and build regulatory strategy proactively.