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DeFi Education Fund

@fund-defi

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DeFi Education Fund pfp
DeFi Education Fund
@fund-defi
7/ We urge the Court to grant certiorari on Harper’s petition and affirm the constitutional principle that privacy protections must evolve with modern technology. New technology requires new considerations of the law, and we strongly urge SCOTUS to hear this case.
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DeFi Education Fund
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6/ The third-party doctrine should not apply to blockchain-based records that, once linked to a user’s identity, allow the government to both retroactively and prospectively monitor a person’s entire financial transaction history.
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DeFi Education Fund
@fund-defi
5/ The Brief focuses on the “third-party doctrine” – a legal principle that says if you voluntarily share information with a third party, you lose your Fourth Amendment protection over that information. But we explain that, “[t]hird-party sharing defeats a person’s Fourth Amendment rights only under limited circumstances, none of which were present here.”
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DeFi Education Fund
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3/ In support of James Harper challenge to the IRS, in Oct. 2023, DEF submitted an Amicus Brief to the First Circuit Court of Appeals, arguing that the IRS’s data collection practices violate Fourth Amendment rights because blockchain records are far more revealing than traditional financial records. https://www.defieducationfund.org/_files/ugd/e53159_492b137460ef4263aa43f3fcb946a1cd.pdf
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DeFi Education Fund
@fund-defi
4/ In this latest Amicus Brief, DEF argues that the IRS’s warrantless acquisition of digital asset transaction records from Coinbase violates the Fourth Amendment protection against unreasonable searches and seizures.
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DeFi Education Fund
@fund-defi
2/ For background, the case concerns a “John Doe” summons the IRS sent to Coinbase seeking information about users' financial transactions. After a court battle, the IRS was able to collect information about 8.9 million transactions from 14,355 Americans (of note, *none* of these Americans were accused of any wrongdoing prior to the summons). TLDR: The lawsuit raises critical questions about whether individuals retain their right to privacy, guaranteed by the Fourth Amendment, in financial data shared with third-party platforms like Coinbase, particularly when that data can be linked to a blockchain address that reveals the user’s full transaction history, past and future.
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DeFi Education Fund
@fund-defi
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
@fund-defi
end/ We believe that the future is bright for DeFi, and cannot wait to build durable wins for the industry in the near future. For more information about this announcement 👇 https://www.defieducationfund.org/post/the-defi-education-fund-announces-leadership-transition
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DeFi Education Fund
@fund-defi
5/ As DEF’s CLO over the past 2.5 years, Amanda has unmatched experience fighting for the rights of DeFi developers and users. She leads DEF’s lawsuits and amicus briefs efforts, and supports DEF’s policy efforts. She will continue to act as CLO, leading the organization’s legal strategy and making sure DeFi is well-represented in consequential cases. At this pivotal moment for the industry, Amanda’s leadership as Executive Director will supercharge our efforts, as we continue to educate lawmakers and policymakers about the transformative potential of DeFi technology.
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DeFi Education Fund
@fund-defi
4/ We also could not be more excited to welcome Amanda as our new Executive Director 🚀
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DeFi Education Fund
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2/ We are deeply grateful for Miller’s service and all he has done to advance our mission, and we are thrilled to have Amanda take the reins and lead DEF into an exciting new chapter of growth and impact.
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DeFi Education Fund
@fund-defi
3/ Under Miller’s leadership, DEF has made great strides. From direct advocacy on the Hill, educating lawmakers about DeFi technology and its uses, to championing the rights of DeFi software developers and users in courtrooms and comment letters, Miller’s vision has impacted the industry for the better. We thank him for his dedication and contributions.
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DeFi Education Fund
@fund-defi
🚨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
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“As some have attempted to extend the BSA framework to DeFi, it is crucial to assess its current inefficacies and recognize that applying its burdensome requirements to DeFi would not only be impractical but would also cripple an emerging industry without meaningfully curbing illicit finance.” Read the full article at the link: 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
@fund-defi
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
@fund-defi
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
@fund-defi
end/ Be sure to read the full piece to get further insights from Miller and Amanda on this issue. https://a16zcrypto.com/posts/article/doj-actions-against-defi/
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DeFi Education Fund
@fund-defi
3/ Unfortunately, we’ve already seen examples of how ignoring this intuitive principle leads to “perverse outcomes.” The Department of Justice has flatly ignored this distinction, holding software developers of neutral tools like [Roman Storm] liable for the actions of third-parties. This needs to change.
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DeFi Education Fund
@fund-defi
4/ That is why a top policy priority for DEF in 2025 is codifying the legally correct understanding of “control” in law, including in the context of what constitutes “money transmitting” in that case. If you care about this issue or want to learn more, we want to hear from you. Shoot us a DM so we can find time to chat.
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DeFi Education Fund
@fund-defi
2/ Why? Because “holding people responsible for systems and activities over which they exercise no agency or control leads to perverse outcomes.” “It wouldn’t make sense to hold carmakers responsible for the bad driving of their vehicles’ users, just as it wouldn’t make sense to impose car manufacturing obligations on drivers themselves.”
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