Welcome to Crypto Long & Short, our institutional newsletter. This week, we focus on the need to safeguard the people building DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of protecting these individuals, citing the introduction of the bipartisan Promoting Innovation in Blockchain Development Act of 2026. Meanwhile, Alexis Sirkia discusses the limitations of Ethereum's L2 strategy, arguing that the rollup model was flawed from the start and that state channels offer a more promising solution for scaling.
We also feature expert insights, principled perspectives, and a review of the week's headlines, including the impact of smart contract exploits on the market.