/ Policy

Multicoin Capital’s leadership and legal team engage in policy initiatives aimed at advancing a pro-crypto environment in the United States and abroad. Crypto is a technology that introduces novel regulatory and policy questions that require a deep understanding of distributed technologies, open source protocols, securities, commodities and commercial law, finance and geopolitics.

In order to achieve our policy goals, we partner with and support the best trade organizations in crypto, actively contribute financially, and work with founders, industry leaders, regulators and lawmakers to promote the latest innovations in crypto.  We believe crypto has the potential to make the world more transparent, fair and accessible, and are committed to sharing that vision.

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/Industry Leaders We Support

/Our Priorities


01

/Pass a Market Structure Bill

Our industry needs clear rules to keep critical technology and U.S. businesses and innovation onshore.
02

/Pass Stablecoin Legislation

We worked alongside others in the industry to achieve prudent stablecoin legislation that was needed to protect investors and promote global commerce.
03

/Promote American Interests

America should be the crypto capital of the world. We work to keep the United States competitive in digital finance.
04

/Promote Bipartisan Collaboration

Crypto absolutely must be a non-partisan issue. We educate, support and work with representatives and staffers on both sides of the aisle.
05

/Regulate Businesses, Not Software

We believe freedom of speech is a fundamental right, and that code is speech. Regulate businesses, not code.
06

/Promote Transparent Rulemaking

We promote active participation from the Web3 community in rule making discussions.
07

/Support The Legal Crypto Community

We bring the legal industry together through events such as the Fordham Law Blockchain Regulatory Symposium to tackle the most pressing issues facing the industry.
08

/Defend Against Senseless Lawfare

We back numerous trade associations with time, money and public support to defend honest businesses against senseless lawfare.

/Policy Team

Greg Xethalis

Partner, General Counsel

Greg Xethalis is a Partner and General Counsel of Multicoin Capital. He manages all legal and policy functions for the firm and works with our portfolio companies on legal and policy strategy. Prior to joining Multicoin, Greg was a partner in the Investment Management and FinTech practices at Chapman and Cutler LLP with 12 years of experience counseling clients on digital asset matters. Greg is a Director of the Blockchain Association, the DeFi Education Foundation, KindlyMD and the Fordham Law Alumni Association, and Senior Lecturing Fellow at Duke University School of Law, where he teaches Fintech and Blockchain Law and Policy.

Jay Stolkin

Deputy General Counsel

Jay Stolkin is a Deputy General Counsel at Multicoin Capital. Prior to joining Multicoin, he was General Counsel at another digital asset-focused private fund manager. Prior to that, Jay was in private practice at O'Melveny and Myers and then Paul Hastings, where he counseled clients on a variety of corporate transactions and regulatory matters incident to participating in digital asset ecosystems. Operating out of Denver, Jay is also an Adjunct Professor at the University of Denver Sturm College of Law.

Daniel Leonardo

Chief Compliance Officer, Deputy General Counsel

Daniel Leonardo is the Chief Compliance Officer and a Deputy General Counsel at Multicoin Capital. Prior to joining Multicoin, Dan was an attorney in the Division of Examinations of the U.S. Securities and Exchange Commission (SEC). During his six-and-a-half year tenure at the SEC he was Senior Counsel in the Private Funds Unit, and, previously, was Senior Counsel in the Investment Adviser/Investment Company program. Prior to working at the SEC Dan worked at ACA Compliance Group providing consulting services to registered investment advisers, including private funds. His legal experience also includes eight years of complex civil litigation experience in state and federal courts.

/Latest Activity


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