Daniel Gerhardstein 🦬 retweeted
Compute trades mostly bilaterally. Standardized, exchange-traded contracts would add price transparency, surveillance, and clearing to the market. Jump’s comment letter supports CFTC oversight of cash-settled, physically settled, and perpetual contracts. Jump looks forward to being a part of building these markets.
Daniel Gerhardstein 🦬 retweeted
We @fund_DeFi had the great honor of advocating for DeFi developers and users in the lead up to today's vote on the Clarity Act. DEF's mission is to advocate for good policy for those working on and using decentralized technology, and we take that job seriously - and the work is not done.
We are grateful to have had a seat at the table throughout the process, worked closely with members of Congress and their staff, collaborated with so many in the industry, and most of all, to have had the privilege of advocating for software developers who are innovating in ways we couldn't imagine a decade ago. We will continue showing up, pushing for reasonable, tech-neutral policies and supporting the builders creating what comes next.
To the members and the staffers who took our calls and pushed for good policy when it was inconvenient to do so: thank you. Some of you fought for developers at moments when there was no reward in it.
To everyone across the industry who worked on this alongside us, who helped us understand your work and how the tech functions, and who actually believe in this stuff, you know who you are and you know how we feel about you.
Last, but most of all, to the @fund_DeFi team, you are the best team there is. Small but mighty. You worked around the clock to review legislative text from the perspective of protecting developers, most of whom you haven't even met yet. I'm proud to work with you @_ayanadow @glzavatone @jenn_rosenthal @mbernstein6395 @itstaliad
Daniel Gerhardstein 🦬 retweeted
PTG Letter in Support of CLARITY Act. 70b8ee04-88f0-4444-8fa0-159e…
Daniel Gerhardstein 🦬 retweeted
The time for CLARITY is now.
America needs clear rules of the road for digital assets that protect consumers, support innovation, and keep jobs and investment here in America. Let’s get it across the finish line.
Daniel Gerhardstein 🦬 retweeted
Clarity is needed to fully unlock and protect digital asset innovation, trading, and market participation in the United States. Today’s Senate product reflects months of hard work and bipartisan negotiations. The bill’s protections for software development are a critical step forward, as are its clear rules of the road for launching products, participating in networks, and trading digital assets.
Daniel Gerhardstein 🦬 retweeted
The Senate Clarity Act text is out and the latest draft combines the Banking and Ag Committee titles passed out of the respective committees. We greatly appreciate the herculean bipartisan effort that went into getting us to this moment. As always, the DEF team reviews text with an eye toward how the bill will impact DeFi developers and users. Here are our thoughts so far:
While no bill is perfect and significant compromises were made along the way to get here, the Clarity Act maintains important protections for DeFi developers.
First, the BRCA is unchanged, as are developer protections under the Exchange Act (Sec. 10601) and the Commodity Exchange Act (Sec. 20209), and the self-custody provision (Sec. 10605, Keep Your Coins Act). While developer protections under the Exchange Act (Sec. 10601) reflect a hard fought compromise—with some protections for DeFi trading protocols, messaging systems, and self-custody hardware/software subject to rulemaking—protections under the CEA remain the same as the House-passed version of Clarity.
Second, the bill includes 25 sections related to sanctions and AML, and as a result of law enforcement groups’ concerns, it now includes new Title IX, Law Enforcement Tools. At first glance, this title appears to be smart regulation that will provide law enforcement with appropriate tools without overregulating software developers. Title IX comes in addition to Title II, Protecting Against Illicit Finance, and Title III, Responsible Innovation in Decentralized Finance, which include tools for law enforcement and rulemakings that extend obligations under the Bank Secrecy Act to digital asset intermediaries. These titles were added in direct response to concerns that the bill needed to do more to address illicit finance and give law enforcement new tools and funding that would otherwise not exist.
Next up? We head toward a few procedural motions before a final vote in the Senate. The DEF team will track amendments that affect DeFi and will share updates accordingly.
To the Senators and staff who have dedicated countless hours drafting this bill, thank you. Your work is greatly appreciated, and we are excited to see this bill progress through Congress.
Daniel Gerhardstein 🦬 retweeted
1/ Today's @Solana Summit Chicago lineup is stacked.
Here's what we're covering:
↳ CFTC's evolving role in digital assets w/ @passalacqua_mj + @millercwl
↳ Institutional adoption: @JohnSvolos, @PayPal, @CroweUSA, moderated by @zGuz
↳ Compliance and the new rules: @CraigSalm, @d_gerhardstein, @tjsmith414, Jeff Steiner, moderated by @pmwnyc
↳ @RepDustyJohnson live with @CryptoAmerica_
↳ Tokenization and market structure: @Fidelity, @ICE_Markets, moderated by @nickducoff
↳ The CLARITY Act path forward: @RepEricSorensen + @RepHuizenga, moderated by @declanharty
↳ Crypto Outlook for Small Businesses and Startups with @RepScholten and @TheColinMclaren
↳ CME's @TimMcCourtCME on always-on regulated markets
Daniel Gerhardstein 🦬 retweeted
Tomorrow in Chicago | Solana Summit: Washington x Wall Street.
Speakers from @CMEGroup, @ICE_Markets, @Grayscale, @jump_, @WilmerHale, @gibsondunn, @PayPal, @SkyBridge — plus a live taping of @CryptoAmerica_.
Last chance to register: solanapolicyinstitute.org/su…
Daniel Gerhardstein 🦬 retweeted
Security in crypto requires more than code audits. Operational risk is one of the biggest and less visible threats. Multi sigs, access controls, and misconfigured infrastructure can take down the best protocols.
@asymmetric_re + @SolanaFndn have launched STRIDE to address exactly this. STRIDE delivers a clear, structured framework to evaluate and harden the entire ecosystem. Security is essential for permissionless innovation.
Excited to see 60+ CEOs and founders deliver this unified message to Senate leadership: the Clarity Act must be passed with developer protections and the BRCA intact.
Clear regulatory certainty for developers is essential to drive innovation and keep America competitive.
This industry takes care of its builders. Thank you to the 60+ CEOs and founders who sent a clear message to Senate leadership today: Pass the Clarity Act with developer protections and the BRCA intact.
Developers who do not control user funds are not money transmitters.
Read the full letter: t.ly/iXpDU
Daniel Gerhardstein 🦬 retweeted
A milestone for U.S. market structure: a true bitcoin perpetual, approved by the @CFTC on a registered exchange.
Perps have long been crypto’s center of gravity for liquidity and price discovery and now that activity is onshore in the U.S. for the first time. This is a huge win for U.S. financial innovation: bringing products onshore and regulated by the @CFTC .
In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.
This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.
Daniel Gerhardstein 🦬 retweeted
The Senate Banking Committee marks up crypto market structure legislation today. We believe the path forward is clear: deliver legal certainty for developers, protect the right to build, and let the U.S. lead the next era of digital finance. The Committee should vote yes.
We applaud the leadership by @SenatorTimScott , @SenLummis , @SenThomTillis, @BernieMoreno , @SenatorHagerty , @PatrickJWitt , and the tireless work of their staff in reaching this stage.
Daniel Gerhardstein 🦬 retweeted
The SEC took an important step on UIs - and now we’re asking them to lock it in.
On April 13, 2026, the SEC published a staff statement with a thoughtful, practical approach for distinguishing non-custodial user interfaces from activities that constitute broker-dealer activity.
DEF and 35 industry leaders are now requesting the SEC formalize the principles in the statement in notice-and-comment rulemaking, so we have durable regulatory clarity that lasts.
Daniel Gerhardstein 🦬 retweeted
Bradley Cooper made creatine sound like a legit daily upgrade on Joe Rogan.
He naturally bulked from 84 kg to 108 kg (185 to 238 lbs) for a role, then restarted creatine while joining a push-up challenge with other dads at his kids’ school: 150 push-ups a day (or pay $10 into the pot). Hit 800 total and the winnings fund a Chinatown meal.
Creatine kicked his strength and consistency into high gear. Joe added that it’s incredible for the brain too — and science backs it: studies show creatine monohydrate can improve muscle strength, speed up recovery, and even support memory and cognitive processing speed.
Bradley joked he can’t tell the brain difference because of all the Zyns he chews, but the gains speak for themselves.
Cheap, safe, and effective — no wonder it’s quietly becoming a staple again.
Who else is taking creatine right now — and have you noticed real differences in strength, recovery, energy, or mental sharpness?
Daniel Gerhardstein 🦬 retweeted
1/ PropAMMs and the Next Chapter of Permissionless Market Structure
For years, onchain trading won on access, lost on execution. Some feel better performance requires moving backwards to centralized systems
PropAMMs on @solana are proving permissionless can outcompete centralized
Daniel Gerhardstein 🦬 retweeted
We applaud the bipartisan Promoting Innovation in Blockchain Development Act of 2026 introduced today by @RepFitzgerald, @RepBenCline, and @RepZoeLofgren. The targeted fixes in this bill will help to strengthen US leadership in the infrastructure of the future by creating a regulatory environment that allows builders to build without fear of prosecution for writing code.
defieducationfund.org/promot…
Daniel Gerhardstein 🦬 retweeted
The Blockchain Regulatory Certainty Act (BRCA) provides critical protections for software developers of non-custodial, decentralized technologies - ensuring they will not be inaccurately and unfairly treated as “money transmitters” under the BSA and criminal law. The BRCA, which was in the Senate Banking Committee’s September 2025 draft of market structure, is a necessary part of any digital asset legislation. We are grateful to Senators @SenLummis and @RonWyden for the productive, bipartisan policymaking, and their continued work to protect software developers from inappropriate regulation.
The BRCA must be included in market structure legislation, and we encourage all Congressional leaders to join Senators Lummis and Wyden in prioritizing clarity and protections for software developers building our financial future
Writing code is not the same as controlling money and developers who build blockchain infrastructure without touching user funds shouldn't be treated like banks. @RonWyden and I are ensuring that won’t happen.
Congratulations @michaelselig !
I am honored to be nominated by President Trump to serve as the 16th Chairman of the U.S. Commodity Futures Trading Commission. With the President’s leadership, a Great Golden Age for America’s Financial Markets and a Wealth of New Opportunities stand before us. I pledge to work tirelessly to facilitate Well-Functioning Commodity Markets, promote Freedom, Competition and Innovation, and help the President make the United States the Crypto Capital of the World.
3
592
Daniel Gerhardstein 🦬 retweeted
What an incredible week - I'm so proud of what the teams working on @doublezero managed to build in less than a year. To date there are
- Two core contributor enginering teams, @MalbecLabs_xyz and @jump_firedancer
- 11 independent contributors of fiber to the network
- 70+ fiber links
- 370+ @solana mainnet validators with 25% of stake operating on DoubleZero
Our community of validators, RPCs, fiber contributors, and of course stakers has a lot to celebrate this week. Thank you for putting your turst in us 🙏
There's much still to build –– let's get at it.
(Also our launch video is unmatched -- thank you @Star_Wipe and team)
Daniel Gerhardstein 🦬 retweeted
The SEC rarely issues no-action relief in crypto.
But earlier this week, DoubleZero was issued a No-Action Letter for 2Z.
The first-of-its-kind No-Action Letter gives us confidence that 2Z does not have to register as a class of “equity securities” and that programmatic flows of 2Z on the DoubleZero network are not securities transactions.
TL;DR: There is now a path to launch a token in the U.S.
Austin Federa on DoubleZero’s work with the SEC and ensuring contributor rewards aren’t securities.
“One was on the programmatic distribution of rewards to contributors, which is basically paying the fiber contributor in $2Z for providing capacity to the network. And the second piece was around staking rewards… making sure those are not classified as securities transactions.”