Kyle Samani Pushes Back Against MSCI's Plans to Remove Companies with High Crypto Holdings from Indices

Kyle Samani, co-founder of Multicoin Capital, argues that traditional finance is fighting against the new regime of decentralized finance. He disagrees with MSCI's consideration to remove companies with over 50% of their treasury in digital assets from its indices. Samani believes that such a move is an attempt by "boomers" controlling traditional finance to gatekeep finance. He emphasizes that blockchain-based finance is rapidly evolving and that companies like Forward Industries, which received a $1.65 billion private investment in public equity to establish a Solana-focused digital asset treasury, will not just hold Solana, but also operate diversified businesses.