Safeguarding DeFi Infrastructure Builders

Welcome to our institutional newsletter, Crypto Long & Short. This week, we explore the need to safeguard the people behind DeFi infrastructure. As traditional finance companies increasingly adopt DeFi-related initiatives, it's crucial to protect the technology and infrastructure that makes it valuable. The DeFi Education Fund, a nonpartisan nonprofit organization, invites you to join in defending key policy objectives. Recently, the bipartisan Promoting Innovation in Blockchain Development Act of 2026 was introduced to protect software developers from misclassification under criminal code. In another article, Alexis Sirkia argues that Ethereum's L2 strategy is failing due to a fundamental design flaw, and that state channels offer a better solution by allowing peer-to-peer transactions off-chain. The newsletter also highlights the latest headlines, including the impact of smart contract exploits on the market, and features a chart showing Aave's market share decline after the rsETH exploit.