DeFi Education Fund

@fund-defi

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DeFi Education Fund

Notable update in the Samourai Wallet Case: Today, devs’ lawyers revealed that despite being *explicitly* told by FinCEN that non-custodial software such as Samourai Wallet is most likely not a money transmitter, DOJ prosecuted the devs anyway…

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DeFi Education Fund

Do you care about privacy? Do you care about keeping America as the hub for innovation? If you said yes to either, *SIGN* our petition calling for dismissal of the case against software developer Roman Storm.

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DeFi Education Fund

If you care about ENDING the lawless prosecution of software developers in the U.S., and dismissing the case against Roman Storm, please sign our petition👇 Protect developers. Protect innovation. Protect DeFi. Protect America's leadership in tech.

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DeFi Education Fund

1/ Today, DEF is pleased to launch a petition calling on the Trump administration to END the lawless prosecution of software developers in the U.S. 🧵 https://section1960.defieducationfund.org/

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DeFi Education Fund

1/ On Friday, DEF submitted an Amicus Brief supporting James Harper as he petitions the U.S. Supreme Court (SCOTUS) for a Writ of Certiorari. In this legal brief, DEF is urging SCOTUS to hear Harper’s case. https://www.defieducationfund.org/post/def-submits-amicus-brief-to-protect-american-s-fourth-amendment-rights Why? Let’s dive in 👇

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DeFi Education Fund

🚨DEF Leadership Update 🚨 Today, we are announcing that after three years of tremendous leadership @millercwl will be stepping down as CEO, and @atuminelli will become our new Executive Director. 🧵 https://www.defieducatdeionfund.org/post/the-defi-education-fund-announces-leadership-transition

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DeFi Education Fund

The Bank Secrecy Act (BSA) is a failure in traditional finance, yet recent legal theories being pushed by the DOJ are seemingly extending BSA’s burdensome framework to DeFi—ultimately, putting American innovation, privacy, and decentralization at risk. In a new article by DEF’s Gavin Zavatone & Henry Michaelson, we continue our exploration of the BSA. This latest paper focuses on why the BSA is ineffective and would cause existential harm to the DeFi industry. https://www.defieducationfund.org/post/examining-the-burdens-costs-and-failures-of-the-bank-secrecy-act-bsa-and-the-potentially-disast

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DeFi Education Fund

Developers beware: Could your code land you in legal trouble? The DOJ’s indictment of Samourai Wallet's founders represents a direct attack on software developers building non-custodial, privacy-enhancing tools. In a new paper, authored by DEF’s Spencer Peek, we examine the DOJ's indictment, arguing that their non-custodial, privacy-enhancing software does *not* constitute an unlicensed money transmitting business under existing laws. To dig deeper into why this matters, please click the link below for the full paper: https://www.defieducationfund.org/_files/ugd/84ba66_87dfb370e81a4766811bf16e5293c6da.pdf

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DeFi Education Fund

“The same intuitive principle that governs our understanding of car manufacturer and driver liability should be the foundation of sensible policymaking in the context of decentralized networks and protocols.” Today, @a16zcrypto published a piece authored by DEF’s @millercwl & @atuminelli discussing why sound policymaking for crypto should always start from an analysis of “control” in a given system. 🧵 https://a16zcrypto.com/posts/article/doj-actions-against-defi/

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DeFi Education Fund

Today, we are excited to share that Jennifer Rosthenthal has joined DEF as our Chief Communications Officer 🚀 https://www.defieducationfund.org/post/defi-education-fund-def-is-pleased-to-welcome-jennifer-rosenthal-as-chief-communications-officer

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DeFi Education Fund

2024 was pivotal for DeFi & crypto policy. We worked tirelessly to educate lawmakers on DeFi’s promise, how it works, and the importance of protecting developers’ and users’ rights. Read our year-end note for a recap of our work + a glimpse into 2025. https://www.defieducationfund.org/post/2024-year-in-review

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DeFi Education Fund

In a paper published today in The International Academy of Financial Crime Litigators, DEF’s @atuminelli along with @jchervinsky & @dbarabander from @variant take a deep dive into the law on unlicensed money transmitting businesses, 8 U.S.C. § 1960, and argue that, based on an extensive review of the case law and statutory history, control over customer funds is necessary to define an entity as a “money transmitting business” - a business that “transfers funds on behalf of the public.” 🧵👇 https://www.defieducationfund.org/post/def-publishes-new-paper-in-in-the-international-academy-of-financial-crime-litigators

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DeFi Education Fund

It’s no secret. The Bank Secrecy Act (BSA) has been a mainstay of policy debates around crypto more broadly in the United States. That is why DEF’s Lizandro Pieper and Gavin Zavatone decided to do a deep dive 🧵 👇 https://www.defieducationfund.org/_files/ugd/84ba66_a568e222f78048e2a8625abb76d3b0fc.pdf

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DeFi Education Fund

We are honored to join Kentucky, Nebraska, and 16 other States, in a lawsuit against the SEC to clarify the law related to digital assets and prevent the SEC from “continuing its unlawful campaign of regulatory overreach” in crypto. 🧵 https://www.defieducationfund.org/_files/ugd/84ba66_02733b093d6e43b79dc222f9f7777f08.pdf

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DeFi Education Fund

🚀 Spring 2025 Legal Internship Opportunity 🚀 Are you a law student passionate about the future of DeFi and crypto broadly, and looking to gain hands-on experience? Look no further than DEF's Spring 2025 legal internship 🫡 To apply, please share a resume, cover letter, and transcript to [email protected] Additional details can be found at the link: https://www.defieducationfund.org/_files/ugd/84ba66_2cd01ba2ebe3465483d62a59dcf0a1d5.pdf

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DeFi Education Fund

🚨DEF Job Alert 🚨 DEF is looking to hire a Chief of Staff to provide strategic advice and support directly to our CEO, as well as serve as a resource and unifying force across the organization. If you are a seasoned professional, interested in getting involved in DeFi & DeFi policy, and want to work with an incredibly dedicated and talented group of individuals, then this is the opportunity for you. For more information on the role and instructions on how to apply, check out the job description at the link below. https://defieducationfund.org/_files/ugd/84ba66_62bc1043056049958e5407b2c57b08de.pdf

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DeFi Education Fund

Here is @atuminelli’s opening statement from today’s first ever DeFi hearing.

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DeFi Education Fund

On Sept 10th, DEF's @atuminelli's will be will be appearing in front of the House Financial Services' Subcommittee on Digital Assets in their FIRST EVER hearing on DeFi: "Decoding DeFi: Breaking Down the Future of Decentralized Finance" You don't want to miss her insights on the importance and value of DeFi, so be sure to tune in. https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=409331

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DeFi Education Fund

🚨🚨🚨Today, DEF is excited to share that we have resolved all disputes related to the patent claiming invention of oracle-like technology owned by True Return Systems (TRS).

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DeFi Education Fund

🚨Don't Forget🚨 Tomorrow (June 11) at 2:30pm EST, we will be hosting our first ever "State of the Union." Link to Space: https://x.com/i/spaces/1lDxLPpWayZxm Link to Ask Qs: https://docs.google.com/forms/d/1LNXiy4aySeP_6ZBC2WoTesfhvmrrM_Nt0OBmyN_7DfI/edit We can't wait to see everyone there 🫡

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