Kyle Samani, co-founder and long-time managing director of crypto investor Multicoin Capital, is stepping down after nearly a decade in the industry, he announced on X Wednesday. “It’s a bittersweet moment for me because my time at Multicoin has been some of the most meaningful and rewarding of my life,” Samani wrote. While he said he plans to take time off and “explore other areas of technology,” he stressed he isn’t abandoning crypto entirely: he will continue to make personal investments in the space. Samani also flagged U.S. regulatory developments as a potential catalyst for growth. He singled out the Clarity Act — legislation aimed at providing legal definitions for crypto assets — saying he believes it “will unlock a tidal wave of new entrants and spur adoption unlike anything we’ve seen.” Multicoin, founded in 2017, built an early reputation for backing high-profile projects such as Solana and Helium and operates across both traditional venture and liquid token markets, differentiating it from many VCs. The firm has not yet named a successor; Managing Partner Tushar Jain and CFO/COO Brian Smith are overseeing day-to-day operations for now. Samani did not provide details on his next role or a timeline for any possible return to the industry. Samani added he will remain chairman of Solana treasury company Forward Industries (FWDI). He’s requesting an in-kind redemption from the Multicoin Master Fund in FWDI shares and warrants rather than cash. The move marks a notable leadership change at one of crypto’s prominent investment shops, coming at a moment when industry watchers are closely watching regulatory shifts and institutional interest in digital assets. Read more AI-generated news on: undefined/news