#CryptoRoundTableRemarks ๐ฌ "Code is speech. Smart contracts are transparent laws. And developers are not intermediaries."
In #CryptoRoundTableRemarks latest, several key figures voiced strong views on the role of code and regulation:
โข ๐ก SEC Chair Atkins: "Engineers should not be held accountable for how others use their code."
โข ๐ฃ๏ธ Hester Peirce: "Code is speech protected under the First Amendment."
โข โ๏ธ Erik Voorhees: "Smart contracts are an enhancement of function over human regulators."
โข ๐ Several others emphasized that decentralization does not mean lawlessness, but rather more transparent, auditable laws defined by users.
โจ The question is:
Should DeFi developers be treated like open source software creators โ protected as long as there is no malicious intent? Or should they face legal responsibilities like traditional financial intermediaries?
๐ As the financial world becomes increasingly digitized and driven by code, regulation also needs to evolve: from regulating human intermediaries to understanding the logic and risks of autonomous systems.
๐ It's time for an open discussion: how should we build a bridge between innovation and public protection in the era of DeFi?