DeFi Education Fund (@fund_defi) header
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Nonpartisan, nonprofit advocating for sound DeFi policy & to protect software developers. DeFi Debrief: https://xitter.cf/t.co/0QCpN3bCWR

Washington, DC
Joined June 2021
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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.
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DeFi Education Fund retweeted
Always proud to work alongside the teams at @fund_defi and @a16z. This time in pushing back against the proposed rules implementing the Illinois Digital Asset Tax bill. As a refresher, this bill would treat DEXs as brokers, mandate a tax be taken from the DEX itself. A failure of doing so would be a violation of criminal law. Further still, the bill wrongly taxes transfers between a user's wallets and penalizes bridging and wrapping. Worse still - as written a broker (including a DEX under the proposed rules) must keep a user's private keys. Obviously, this is a complete departure of appropriate cybersecurity and anathema to proper cryptography practices. The case challenging the Digital Asset law itself is moving through the court and we are thankful to @BlockchainAssn, @crypto_council and @DigitalChamber for their efforts.
This morning, DEF joined @a16z and @Uniswap in comments to Illinois regulators on draft crypto tax rules. Our ask: keep DEXs and interfaces out of the broker definition, protect self-custody, and don’t tax when we move our own assets. 👇
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#ThisWeekInCrypto: Americans want more control over their money. A new @fund_defi and @ipsosus study found that less than half trust the existing financial system. And 22% of Americans say they've owned crypto, with Republicans and Democrats within a few points of each other. Get ready for Election Day on Nov. 3.
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Americans don't believe TradFi is secure. Spooky. Have you dug into our new @Ipsos "State and Future of Finance" research yet? research.defieducationfund.o…
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“We want to be able to assist Illinois with getting this right,” DeFi Education Fund Chief Executive Officer @amandatums said. “They can re-release the rulemaking with updated content and we would be happy to help them in that process.” H/T @Bloomberg @MJBologna 👇
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DeFi Education Fund retweeted
Today, @a16zfrontier, @fund_defi, and @uniswap stepped into the fight against the Illinois Digital Asset Tax Act. The law is already one of the most anti-innovation bills in the country—a tax on transactions just because they're digital. Now, it's being made worse through politicized rulemaking that goes well beyond what the law approved—the draft rules would treat many decentralized exchanges (DEXs) as tax-collecting brokers. That approach isn't possible to comply with: autonomous software is not a person that can collect a tax. The approach also conflicts with the U.S. Treasury Dept’s classification of DEXs and Illinois’ own Digital Assets and Consumer Protection Act. The rules also tax Illinois resident's when there isn't even a transaction. That’s like being taxed for moving money from your checking account to your savings account. Consumers and entrepreneurs in Illinois deserve better. Fortunately, @CCI and @BlockchainAssn are also challenging the Act in court and will have the entire law thrown out. Until then, we must press Illinois to stop playing politics and to follow its own laws.
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DeFi Education Fund retweeted
Illinois’ proposed digital asset tax rules could have serious consequences for DeFi, self-custody, and crypto users. Today, @fund_defi, @a16z, and @Uniswap submitted a letter urging Illinois regulators to reconsider several aspects of the proposal. Illinois should not impose obligations on software that it cannot possibly satisfy or penalize users for exercising control over their own assets. Our comments, featured in @Politico this AM, urge the Department to preserve the distinction between actual financial intermediaries and non-custodial infrastructure, protect self-custody, and align its rules with federal law. 🧵
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This morning, DEF joined @a16z and @Uniswap in comments to Illinois regulators on draft crypto tax rules. Our ask: keep DEXs and interfaces out of the broker definition, protect self-custody, and don’t tax when we move our own assets. 👇
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DeFi Education Fund retweeted
Replying to @star_okx
We agree. We invite you and anyone who cares about onchain security to join Open Protocol Security Coalition: opsec.defieducationfund.org/
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DeFi Education Fund retweeted
In today’s Crypto for Advisors newsletter: 🟡@jenn_rosenthal of @fund_defi on the opportunity new survey data points to for advisors as clients look beyond traditional finance 🟡@djwindle on why younger investors are more open to alternative financial systems Edited by @MortonInsights. Dive in 👇 coindesk.com/coindesk-indice…
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DeFi Education Fund retweeted
🇺🇸 ONLY 1 IN 5 AMERICANS BELIEVE THE US FINANCIAL SYSTEM IS SECURE A DeFi Education Foundation survey found: • 19% believe the US financial system is secure • 63% say it needs an upgrade to combat emerging threats • 54% worry financial institutions aren't prepared to protect their personal information from AI threats
The DEF team is excited to unveil new national, longitudinal research by @Ipsos on KnowledgePanel, digging into Americans' perspectives on the current state & future of finance, including their thoughts on frontier technologies. Explore here: research.defieducationfund.o…
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Crypto voters don’t sort into red and blue, and new research from @fund_defi shows it. @jenn_rosenthal makes the case: Republicans and Democrats are asking for the same thing: clear rules that let crypto innovation happen here.
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