Last Friday, DEF submitted a comment letter arguing the IRS's proposed "broker" rule violates the Paperwork Reduction Act. First, the proposed regulations’ definitions for “broker” and “digital asset middlemen” are not clear, coherent, and unambiguous, preventing the public from gauging whether or not they are required to comply with the proposed collection requirements. Second, the proposed collection would impose an undue burden on covered persons involved with DeFi by failing to both minimize the burdens and establish differing compliance or reporting requirements that take into account the resources available to those who are to respond. Third, the IRS fails to efficiently and effectively increase taxpayer compliance with the proposed collection, leading to unnecessary burdens for both taxpayers and the government. Check out the full letter here: https://lnkd.in/evGqN4Jd
DeFi Education Fund
Public Policy Offices
Washington, DC 978 followers
We do policy and advocacy work to help DeFi flourish.
About us
The DeFi Education Fund’s (DEF) mission is to educate policymakers about the benefits of decentralized finance and to achieve regulatory clarity for the DeFi ecosystem. The DEF is nonpartisan and global in approach and orientation. To accomplish its multi-pronged mission, the DEF distributes grants to individuals and organizations to enhance their focus on and advocacy for decentralized finance. To support our mission, please visit: https://www.defieducationfund.org/supportus
- Website
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https://www.defieducationfund.org/
External link for DeFi Education Fund
- Industry
- Public Policy Offices
- Company size
- 2-10 employees
- Headquarters
- Washington, DC
- Type
- Nonprofit
- Founded
- 2021
Locations
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Primary
Get directions
Washington, DC, US
Employees at DeFi Education Fund
Updates
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To establish a more equitable financial landscape, it is critical to have financial democratization and inclusion. Former DEF Policy Intern Ahmad Sas takes a look at how DeFi can aid in achieving a more equitable financial future and how we can put ourselves on a path to achieve success. Read here: https://lnkd.in/ePDMNTF3
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DeFi Education Fund reposted this
Interested in learning from experts about the latest in DeFi policy and legal matters? Please join the DeFi Education Fund tomorrow at 2:30pm EST as we host our very first "State of the Union."
DEF exists to explain DeFi to policymakers, regulators and other decision makers and advocate for policies that are welcoming of decentralized financial infrastructure. In the midst of ongoing debates that have the potential to impact the future of DeFi, we’re going to update the community about these ongoing discussions & what we are doing to protect DeFi’s immense potential. On May 8th at 12pm via an X Space, DEF will host our first ever “State of the Union.” The State of the Union will cover the latest in the policy, regulatory, and legal realms and provide an opportunity for the community to ask questions via the form at the link below. We cannot afford to lose sight of the larger picture. While talking heads in the crypto ecosystem might be all doom and gloom, we remain hopeful that we can achieve success and we hope you will tune in to hear the latest. Link to X Space: https://lnkd.in/dKgDcQr5 Link to Question Submission Form: https://lnkd.in/dWe83PVB
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⏰ Don't Forget ⏰ Tomorrow (June 11) at 2:30pm EST, we will be hosting our first ever "State of the Union." Link to X Space: https://lnkd.in/eZ7_AYca Link to Ask Qs: https://lnkd.in/efSrW7RP We can't wait to see everyone there!
DEF exists to explain DeFi to policymakers, regulators and other decision makers and advocate for policies that are welcoming of decentralized financial infrastructure. In the midst of ongoing debates that have the potential to impact the future of DeFi, we’re going to update the community about these ongoing discussions & what we are doing to protect DeFi’s immense potential. On May 8th at 12pm via an X Space, DEF will host our first ever “State of the Union.” The State of the Union will cover the latest in the policy, regulatory, and legal realms and provide an opportunity for the community to ask questions via the form at the link below. We cannot afford to lose sight of the larger picture. While talking heads in the crypto ecosystem might be all doom and gloom, we remain hopeful that we can achieve success and we hope you will tune in to hear the latest. Link to X Space: https://lnkd.in/dKgDcQr5 Link to Question Submission Form: https://lnkd.in/dWe83PVB
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In a new opinion piece in CoinDesk DEF's Amanda Tuminelli and the Blockchain Association's Marisa Tashman Coppel explore how the SEC's newly launched Consolidated Audit Trail (CAT) will impact the digital asset sector and why it represents another step toward making "massive unchecked government surveillance a reality." https://lnkd.in/eMuiCGdG
Crypto’s Latest Privacy Battle
coindesk.com
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For too long, the digital asset industry has been sitting ducks. This does not have to be the case. In a new blog post, DEF Legal Intern Jonathan Obeda explores what a pre-enforcement challenge (PEC) is, its history, and how the digital asset industry can use PECs as a "vehicle for change." https://lnkd.in/dt9kuSQY
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DEF's "State of the Union" has OFFICIALLY been rescheduled for June 11 at 2:30pm EST. If you have any specific questions or issues in mind you’d like us to cover, please let us know via the form at the link below! https://lnkd.in/eSM_R76k We look forward to you joining us 🚀 https://lnkd.in/edHjwzJs
DEF exists to explain DeFi to policymakers, regulators and other decision makers and advocate for policies that are welcoming of decentralized financial infrastructure. In the midst of ongoing debates that have the potential to impact the future of DeFi, we’re going to update the community about these ongoing discussions & what we are doing to protect DeFi’s immense potential. On May 8th at 12pm via an X Space, DEF will host our first ever “State of the Union.” The State of the Union will cover the latest in the policy, regulatory, and legal realms and provide an opportunity for the community to ask questions via the form at the link below. We cannot afford to lose sight of the larger picture. While talking heads in the crypto ecosystem might be all doom and gloom, we remain hopeful that we can achieve success and we hope you will tune in to hear the latest. Link to X Space: https://lnkd.in/dKgDcQr5 Link to Question Submission Form: https://lnkd.in/dWe83PVB
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"The insatiable campaign against crypto undermines the work that Congress has done so far to address crypto’s long-standing regulatory quagmire. It’s time the farmers regain control and flush the fox out," writes our CEO Miller Whitehouse-Levine in a new op-ed in Blockworks
We find ourselves in a strange interregnum for crypto policy in the United States. The slow legislative pace gives SEC Chair Gensler the chance to be the fox in the crypto henhouse while our lawmakers are occupied with other jobs on the farm. Opinion by Miller Whitehouse-Levine of DeFi Education Fund https://lnkd.in/eCMBpmRy
It’s time for Congress to protect the crypto henhouse
blockworks.co
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Back in November, DEF submitted a comment letter to the U.S. Treasury Department and the Internal Revenue Service (IRS) in response to their highly alarming proposed “broker” rulemaking. This month, DEF's Lizandro Pieper reiterates, in the Journal of Taxation of Financial Products, what we shared w/ Treasury and the IRS, exploring why the proposed rule is troubling and why no participants in the DeFi tech stack should be considered brokers. https://lnkd.in/dEtiypMz
Examining the Definition of “Digital Asset Middleman” Under the Proposed Digital Asset Broker Reporting Regulations
defieducationfund.org
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For all of you eagerly waiting for DEF's first SOTU, please note that it has been pushed back to the first week of June. We will share more specific details as we get closer to the date.
DEF exists to explain DeFi to policymakers, regulators and other decision makers and advocate for policies that are welcoming of decentralized financial infrastructure. In the midst of ongoing debates that have the potential to impact the future of DeFi, we’re going to update the community about these ongoing discussions & what we are doing to protect DeFi’s immense potential. On May 8th at 12pm via an X Space, DEF will host our first ever “State of the Union.” The State of the Union will cover the latest in the policy, regulatory, and legal realms and provide an opportunity for the community to ask questions via the form at the link below. We cannot afford to lose sight of the larger picture. While talking heads in the crypto ecosystem might be all doom and gloom, we remain hopeful that we can achieve success and we hope you will tune in to hear the latest. Link to X Space: https://lnkd.in/dKgDcQr5 Link to Question Submission Form: https://lnkd.in/dWe83PVB