DeFi Education Fund

Nonpartisan, nonprofit advocating for sound DeFi policy & to protect software developers.

DeFi Debrief:

[DeFi Education Fund @fund_defi]

Today, a coalition of 100+ signatories join DEF in sending a letter to Congress.

Software developer protections are a non-negotiable in digital asset market structure legislation. This critical issue unites us — crypto and tech builders, investors, and advocates.

[DeFi Education Fund @fund_defi]

You can read the full speech here:

https://t.co/sbxamB2Pod

[DeFi Education Fund @fund_defi]

Insightful speech from SEC Commissioner @HesterPeirce!

“Laws and regulations have a role to play, but they should be designed to encourage, not dissuade, you to invest your time and talent to build useful things,” she explained to @Princeton Blockchain Camp attendees.

More👇

[DeFi Education Fund @fund_defi]

A few of our favorite quotes from Commissioner @HesterPeirce:

“Regulatory frameworks should govern conduct, not proximity to the conduct. Neutral conduits for the processing of data lack the foundational rationale for regulatory intervention.”

“People should be free to transact without intermediaries. Section 11A of the Securities Exchange Act recognizes the value of investors being able to execute their orders ‘without the participation of a dealer’, and we should welcome decentralizing technologies that make this possible.”

“The securities laws should not reach ‘transparent, non-custodial software tools that enable users to interact with autonomous blockchain networks and smart contract protocols to engage in transactions on their own.’”

[DeFi Education Fund @fund_defi]

Thanks to the @BlockchainAssn team for organizing today’s fly-in with law enforcement professionals!

DEF’s team (@glzavatone & Talia) are joining to discuss the importance of software developer protections in market structure legislation.

[Paul Brigner 🛡️ @paulbrigner]

Meeting prep ✅
@BlockchainAssn @zodl_co

[DeFi Education Fund @fund_defi]

@SolanaInstitute 👏👏👏

[Stand With Crypto🛡️ @standwithcrypto]

There's a misconception that the Clarity Act weakens law enforcement.

@amandatums, CEO & CLO of @fund_defi, addressed it directly on @standwithcrypto's X Space.

✅ Digital asset kiosk compliance programs for Bitcoin ATMs
✅ Public-private partnerships
✅ Developer protections enshrined in law for the first time

This bill protects builders AND equips law enforcement with new tools.

[DeFi Education Fund @fund_defi]

Read more: https://t.co/dIffrJB457

[DeFi Education Fund @fund_defi]

👀

[Eleanor Terrett @EleanorTerrett]

🚨NEW: JPMorgan CEO Jamie Dimon took aim at the Senate's crypto market structure bill today, arguing it "doesn't do anything for AML/BSA" and provides "almost no legal protections."

When asked for comment, a spokesperson for @SenLummis told me:

"The banks can’t deal with a bipartisan compromise on stablecoin yield and are making completely false claims about BSA/AML as a last ditch attempt to poke holes in a solid piece of legislation that protects consumers. Fear of competition always brings out an interesting side of people and that’s all this is.”

[DeFi Education Fund @fund_defi]

“It is going to be really important…that we make sure that the bill continues to have robust developer protections, protections for the people building the future of finance in this country.”

- DEF’s CEO & CLO @amandatums speaking with @jd_durkin on @FintechTvGlobal’s @TakingStockLive.

[Amanda Tuminelli @amandatums]

Hard to pick only a few favorite lines from this speech on privacy and technology by @HesterPeirce but these feel particularly relevant:
“Too often, though, the discourse in [D.C.] about privacy casts anyone who demands it in a negative light. I have watched in troubled amazement as the goal of facilitating government surveillance drives regulatory decisions and expectations about how products and services should be built. The legitimate needs of people for products that protect their privacy take a backseat.
Empowering government to be able to identify, pursue, and punish the bad guys is important to the security of the nation and its people, but so too is empowering people to protect information about their lives, including their financial lives...
I urge us as a society to view technologies as an opportunity to increase people’s ability to protect themselves from bad actors, not as an opportunity for the government to watch more of what its citizens do. These new technologies should be an opportunity for us to refocus government surveillance on bad actors and activities that are most likely to be nefarious and away from the everyday actions of innocent people.”

https://t.co/4P2JpobLiJ

[DeFi Education Fund @fund_defi]

Link to her full speech here: https://t.co/pFUopmAllf

[DeFi Education Fund @fund_defi]

“We cannot let a legitimate desire for security from reprobate nation states and criminal organizations steal the freedom that defines this nation and its people.”

— SEC Commissioner @HesterPeirce on the value of privacy-enhancing technologies 👏

[DeFi Education Fund @fund_defi]

https://t.co/XEyexmqhQG

[DeFi Education Fund @fund_defi]

What are the fundamental differences between Centralized (CeFi) and Decentralized (DeFi) digital asset spot markets?

This question is particularly relevant as Congressional leaders work on market structure legislation.

The DEF team wrote a blog about it (link below)👇

[DeFi Education Fund @fund_defi]

Why is Market Structure legislation of the utmost importance for software developers in the U.S.?

DEF’s @amandatums broke it down with @jd_durkin on @FintechTvGlobal’s @TakingStockLive.

[Blockchain Association @BlockchainAssn]

Tune in now for an update from BA's @lindsayfraser0 👇

[DeFi Education Fund @fund_defi]

STARTING SOON!

Hope you can join us to catch up on the latest policy, regulatory, and legal updates impacting DeFi 👇

[DeFi Education Fund @fund_defi]

🚨 SPECIAL GUEST @ThienHoCA WILL BE JOINING TODAY'S X SPACES AT 1PM ET

@ThienHoCA is the current District Attorney of Sacramento County, and a Congressional Candidate for CA-6.

He recently wrote an opinion piece for @CoinDesk called "The government should promote innovation, not punish it" (linked below) where he explained why software developers need regulatory certainty:

"The American innovation community and the public deserve clarity written into law."

https://t.co/pHjhJpKF15

[Max Bernstein @mbernstein6395]

We’re going live with a special edition of DEF’s Community Call in ~10 minutes!

Tune in so you don't miss also hearing from friends & experts including @_ayanadow, @lindsayfraser0, @glzavatone, @jenn_rosenthal, and @pmwnyc.

Hope to see you there 🫡

[DeFi Education Fund @fund_defi]

@CoinDesk opinion piece here: https://t.co/gHluQNz3Il

[DeFi Education Fund @fund_defi]

🚨 SPECIAL GUEST @ThienHoCA WILL BE JOINING TODAY'S X SPACES AT 1PM ET

@ThienHoCA is the current District Attorney of Sacramento County, and a Congressional Candidate for CA-6.

He recently wrote an opinion piece for @CoinDesk called "The government should promote innovation, not punish it" (linked below) where he explained why software developers need regulatory certainty:

"The American innovation community and the public deserve clarity written into law."

https://t.co/pHjhJpKF15