The DeFi Education Fund has officially launched its new foundation, the DeFi Education Foundation, as announced in a press release on August 13. This non-profit organization aims to continue the advocacy work of the DeFi Education Fund, focusing on educating lawmakers about decentralized finance (DeFi), protecting software developers, and advocating for sound DeFi policies.
The foundation offers donors the opportunity to benefit from charitable giving incentives, making in-kind crypto donations a more tax-efficient way to support the organization’s mission. This move is expected to be a net-positive for many DEF donors, providing them with new benefits for supporting the DeFi industry.
In light of the foundation’s launch, the parent organization has also submitted proposals to the SEC to create a “safe harbor” for blockchain-powered apps amidst regulatory uncertainty. The concern is that the SEC’s classification of blockchain app developers as brokers could impose burdensome registration and compliance requirements, undermining the benefits of blockchain systems and creating new risks for users.
The DeFi Education Fund’s dual focus on advancing crypto advocacy and addressing regulatory challenges like the SEC’s broker classification concerns is highlighted by the launch of the foundation. By providing a tax-efficient way for supporters to back these efforts, the organization aims to navigate the complex regulatory landscape and promote the growth of decentralized finance.
Overall, the launch of the DeFi Education Foundation marks an important milestone in the organization’s mission to educate, protect, and advocate for the DeFi industry. With a focus on advancing crypto advocacy and regulatory compliance, the foundation aims to contribute to the growth and development of decentralized finance in a tax-efficient manner.
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