Greg Xethalis

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Greg Xethalis

Greg Xethalis

@xethalis

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

Katılım Mart 2011
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Greg Xethalis
Greg Xethalis@xethalis·
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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Alexander Grieve
Alexander Grieve@AlexanderGrieve·
“Claude, pass the CLARITY Act. Make no mistakes.”
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Summer Mersinger
Summer Mersinger@SummerMersinger·
I shared my perspective in @BLaw on why the U.S. tax code must catch up with crypto reporting. Outdated rules are creating confusion and compliance challenges for users, developers, and businesses. A modernized framework is key to supporting responsible innovation and U.S. competitiveness. Read my op-ed 👇 news.bloomberglaw.com/tax-insights-a…
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Neeraj K. Agrawal
Neeraj K. Agrawal@NeerajKA·
Vanity Fair article is a simple business transaction. You get cool pictures and a clouted thing to say you did. They get to make fun of crypto again. Everyone wins.
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Mike Selig
Mike Selig@ChairmanSelig·
For far too long, Americans have awaited clear guidance on the status of crypto assets under the federal securities and commodities laws. @SECPaulSAtkins and I are committed to fostering a regulatory environment that allows the crypto industry to flourish in the US with clear rules of the road. With today's interpretation, the wait is over. Read the @CFTC and @SECGov's joint agency action ⬇️
CFTC@CFTC

.@CFTC Joins SEC to Clarify the Application of Federal Securities Laws to Crypto Assets: cftc.gov/PressRoom/Pres…

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Paul Atkins
Paul Atkins@SECPaulSAtkins·
After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the SEC treats crypto assets under federal securities laws. This is what regulatory agencies are supposed to do: draw clear lines in clear terms.
U.S. Securities and Exchange Commission@SECGov

TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets. This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets. Read the release here: ow.ly/XhhV50YvxvO

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Eleanor Terrett
Eleanor Terrett@EleanorTerrett·
🚨JUST IN: The @SECGov and @CFTC have issued joint, Commission-level interpretive guidance outlining how federal securities laws apply to certain crypto assets and transactions. This follows a submission to OIRA earlier this month signaling the agencies’ intent, and was approved by all three SEC commissioners (Atkins, Peirce, Uyeda) as well as @ChairmanSelig. The guidance establishes a token taxonomy and addresses how activities like staking, mining, airdrops, and wrapping are treated under existing law. Notably, SEC Chair @SECPaulSAtkins says it reflects that most crypto assets are not themselves securities and that investment contracts can come to an end. While interpretive guidance doesn’t change the law, it reflects how regulators intend to apply it, giving the market a clearer directional signal. Separately, this is distinct from the SEC’s still-pending rulemaking on crypto asset offerings.
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Marisa Tashman Coppel
1/ Big news: @phantom has received first-of-its-kind no action relief from the @CFTC. We can now connect users to regulated derivatives markets and event contracts without registering as an introducing broker. cftc.gov/PressRoom/Pres…
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Greg Xethalis
Greg Xethalis@xethalis·
One of the best timeline cleanses you can find. Can’t believe it’s been almost two decades since this happened.
Dr. Lemma@DoctorLemma

19 years ago, a high school basketball coach put his team manager into a game for the final four minutes. The kid had never played a single minute of competitive basketball in his life. He scored 20 points. Jason McElwain was diagnosed with severe autism at age two. He didn’t speak until he was five. He couldn’t chew solid food until he was six. He wore a nappy for most of his early childhood. As a baby, he was rigid, wouldn’t make eye contact, and hid in corners away from other children. He tried out for his school basketball team every year and got cut every time. Too small. Too slight. Barely 5’6 and about 54 kilograms. But he loved the game so much that his mum called the school and asked if there was any way he could be involved. The coach created a team manager role for him. For three years, McElwain showed up to every practice and every game. He wore a shirt and tie on match days. He ran drills, handed out water, kept stats, and cheered every basket like he’d scored it himself. On 15 February 2006, the last home game of his final school year, the coach let him suit up in a proper jersey and sit on the bench. With four minutes left and a comfortable lead, the coach sent him in. His first shot missed. His second missed. Then something shifted. He hit a three-pointer. Then another. Then another. His teammates stopped shooting entirely and just kept passing him the ball. He hit six three-pointers and a two-pointer. 20 points in four minutes. The highest scorer in the game. When the final buzzer went, the entire crowd rushed the court and lifted him onto their shoulders. His mum tapped the coach on the shoulder, in tears. “This is the nicest gift you could have ever given my son.” McElwain won the ESPY Award for Best Moment in Sports that year, beating out some of the biggest names in professional sport. He’s 36 now. He works at a local supermarket, coaches basketball, has run 17 marathons including five Boston Marathons, and travels the country speaking about never giving up. When asked about that night, his coach still gets emotional. “For him to come in and seize the moment like he did was certainly more than I ever expected. I was an emotional wreck.”

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DeFi Education Fund
DeFi Education Fund@fund_defi·
1/ Today, Beba and DEF voluntarily dismissed their lawsuit against the SEC without prejudice. Given the good work done by the SEC Crypto Task Force and recent speeches that suggest a change in the Commission’s position regarding free airdrops, we decided continuing was unnecessary for the time being and we can re-file if we need to later on.
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Greg Xethalis
Greg Xethalis@xethalis·
@ClayTravis That’s awesome @ClayTravis. As an undergrad alum, thank you for helping make Vanderbilt great. Now stop wearing Orange on Saturdays. :)
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Clay Travis
Clay Travis@ClayTravis·
Going to Vanderbilt Law School was the smartest decision I’ve made in my life. I met my wife and many of my best friends there. I believe it is the best law school in the country. Lara and I feel very fortunate to be able to make a large gift to VULS. law.vanderbilt.edu/vanderbilt-law…
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Mike Selig
Mike Selig@ChairmanSelig·
The @CFTC is leading the way in developing purpose-fit rules and standards for the great innovations of the Golden Age of American Financial Markets — from crypto to AI to prediction markets. I’m looking for the brightest minds in technology and markets to help us take the agency into the future. If you're interested in joining our team, please email your resume to innovation@cftc.gov.
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