Safeguarding the Builders of DeFi Infrastructure

Welcome to Crypto Long & Short, our institutional newsletter. This week, we focus on the need to safeguard the people behind DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of protecting the technology and infrastructure that makes DeFi valuable. She highlights the introduction of the Promoting Innovation in Blockchain Development Act, which aims to protect software developers from misclassification under criminal code. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, argues that Ethereum's scaling problem was never about throughput, but rather about how value moves between participants. He suggests that state channels could be a solution, allowing participants to transact peer-to-peer off-chain and eliminating the need for intermediaries.