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DEF’s December Recap

Here’s what the DeFi Education Fund (DEF) has been up to in December. If you have any questions or would like to learn more about a specific activity, please do not hesitate to reach out at contact@defieducationfund.org.


2023: Year in Review

The past year made one thing crystal clear in our eyes: DEF remains committed to fight for DeFi, in the courts, across relevant federal and international regulatory bodies, and on Capitol Hill. 


To showcase all of our efforts in 2023, in late December we published a “Year in Review” highlighting our milestones.


The recap highlights some of the biggest projects we worked on in 2023, including fighting a patent troll, filing numerous amicus briefs in precedent setting cases, and submitting comments on regulatory proposals that have the potential to severely curtail the crypto industry in the United States. 


As we wrote: 


2023 was challenging: FTX’s collapse and the recent Binance settlement renewed calls for tighter, punitive controls on crypto and emboldened regulators to take a harsher line on any perceived malfeasance within the ecosystem. Crypto, along with permissionless, decentralized systems more broadly, continues to serve as convenient scapegoats for larger, long-term issues within the traditional financial and regulatory system. Regardless of the underlying reasons, the last year has energized DeFi’s critics and distorted the debate about the fundamental benefit of this technology…However, greenshoots are evident. Congress passed multiple pro-crypto bills out of committee and is poised to continue debating this topic in 2024. Additionally, several court cases involving major questions relevant to the broader crypto ecosystem could be decided in the coming year (more on our view on those cases below). These are not yet signs of victory for regulatory clarity for DeFi, but they are markers for the value of persistence in making the case for those rules.


To read the full 2023 recap, click here


Media


Blog Post


Print/Online



For up-to-date information about what’s happening in D.C. and what we are up to, please follow us on Twitter @fund_defi and subscribe to our Substack.



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