#加密圆桌讨论 *Encrypted Roundtable Discussion: The Balance of DeFi, Code, and Regulation**

Recently, the cryptocurrency roundtable hosted by the U.S. Securities and Exchange Commission (SEC) has attracted widespread attention. The meeting focused on intense discussions surrounding decentralized finance (DeFi), code responsibility, and regulatory frameworks. With the rapid development of DeFi, the conflicts between its anonymity, open-source characteristics, and the existing regulatory system have become increasingly prominent, making the balance between innovation and compliance a focal point.

Some viewpoints suggest that DeFi developers should be responsible for the code like traditional open-source developers, without bearing financial regulatory obligations. This assertion emphasizes the decentralized nature of technology, arguing that excessive regulation may stifle innovation. However, opponents point out that DeFi projects involve user assets and financial risks, and complete detachment from regulation could lead to fraud and market chaos, harming investors' interests.