DeFi Education Fund Urges Senate to Strengthen Protections for Crypto Developers in Bill Draft

According to Jinse Finance, the cryptocurrency lobbying group DeFi Education Fund has called on the U.S. Senate Banking Committee to reconsider its approach to regulating the decentralized finance industry after reviewing the committee’s recently released discussion draft of a major cryptocurrency market structure bill. The response, signed by representatives from DeFi Education Fund (DEF) members such as a16z Crypto, Uniswap Labs, and Paradigm, states that the 2025 Responsible Financial Innovation Act (RFA) should be crafted in a more technology-neutral manner. It emphasizes that cryptocurrency developers should be protected from “inappropriate regulation targeting intermediaries,” and that the right of all Americans to self-custody is “crucial.”