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Kyle Samani

👤 Person
144 total appearances

Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

In a speech that he gave about six weeks ago, SEC Chair Paul Atkins outlined his plans for the future of all of the employees at the SEC.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

In that speech, he said, quote, I have directed the commission staff to update antiquated agency rules and regulations to unleash the potential of on-chain software systems in our securities markets.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

He is preparing the SEC for what he calls, quote, the digital finance revolution.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

It just does not get any more clear than this.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

US securities markets are coming on-chain.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

In that same speech, Chair Atkins also outlined his vision for what he calls Regulation Super App.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

And this creates a regulatory framework to allow three distinct kinds of assets to all trade on one user interface, despite different underlying backends.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

Those three asset types include non-security crypto assets, tokenized securities, and traditional securities.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

And while these assets all have different backends, users should not have to care.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

You should be able to trade any of these things all from the same front end.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

Under this framework, these regulated financial super apps are going to be able to offer these services and many others, things like staking, lending, trading, or just general access to DeFi, all from these regulated super app platforms.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

And they're going to be able to do so without getting 50 state licenses or even going through multiple federal licenses.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

The makings of these super apps already exist today.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

They look like Robinhood, Coinbase, SoFi, and many others.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

Soon, you're going to be able to access crypto-native protocols, such as JITO, Drift, Camino, and a lot of others, directly from these regulated financial super apps.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

In this REG super app vision,

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

The worlds of regulated financial services and permissionless crypto protocols are converging.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

And this is going to open up access to capital markets for people all over the world.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

And it's going to result in an absolute boom in on-chain DeFi activity.

All-In with Chamath, Jason, Sacks & Friedberg
Multicoin Capital’s Kyle Samani on Internet Capital Markets

Taken together, we are at a critical inflection point.