Week of June 30, 2025: Senate Banking on Market Structure; Deploying American Blockchains Act; BSA Modernization; DEF UpdatesSenate Banking Committee Holds Hearing on Digital Asset Market Structure Legislation On June 24, 2025, the Senate Banking Committee Digital Assets Subcommittee held a hearing entitled: “Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure.” DEF was represented by Board Member Greg Xethalis, General Counsel at Multicoin Capital. The other w...| DeFi Education Fund
Bipartisan Supermajority in the Senate Passes “Broker” CRAWhat happened? On March 4, 2025, the Senate voted on S.J. Res. 3, a joint resolution of disapproval of the DeFi portion of the Internal Revenue Service’s (IRS) “Broker Rule.” The resolution leverages the Congressional Review Act, which allows Congress to disapprove of recently finalized regulations. In a heavily bipartisan 70-27 vote, the resolution passed. As a refresher, on December 27, 2024, the Treasury Department & IRS...| DeFi Education Fund
Risley v. Uniswap Ruling Carries Massive Implications for DeFiWhat happened?On February 26, the Second Circuit Court of Appeals affirmed the District Court’s ruling in Risley v. Uniswap Labs, which held that neither Uniswap Labs nor its developers could be held liable for plaintiffs’ losses in connection with trading “scam tokens” on the Uniswap platform. The case was brought by a group of private plaintiffs alleging that Uniswap, along with their venture capital investors (VC defenda...| DeFi Education Fund