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 bipartisan Promoting Innovation in Blockchain Development Act of 2026, which aims to protect software developers from misclassification under criminal code. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, comments on Ethereum's L2 strategy, arguing that the rollup model was flawed from the start, as it addressed congestion but created isolated liquidity pools. He suggests that state channels could be a better solution, allowing participants to transact peer-to-peer off-chain.
The newsletter also covers recent headlines, including the impact of smart contract exploits on the market and the shift of crypto derivatives volume into regulated venues.