Crypto Long & Short: Protecting the people building DeFi infrastructure

The article explores two main themes in the DeFi ecosystem: the necessity of protecting software developers and the technical challenges facing Ethereum scaling. Jennifer Rosenthal of the DeFi Education Fund advocates for legislative clarity, such as the Promoting Innovation in Blockchain Development Act, to distinguish between legitimate software developers and those managing customer assets. Simultaneously, Alexis Sirkia argues that Ethereum's reliance on the rollup model has led to liquidity fragmentation, suggesting that state channels offer a more effective path for secure, peer-to-peer value transfer. The newsletter also provides updates on institutional crypto adoption and analyzes the market impact of recent protocol exploits.

(Source：CoinDesk)