#加密圆桌讨论

At the SEC's crypto roundtable, several key figures shared their perspectives on DeFi, code, and regulation, prompting me to deeply reflect on the development of DeFi and its regulation.

Chairperson Atkins stated that engineers should not be held responsible for the use of code, Peirce argued that code is protected by freedom of speech, and Voorhees praised smart contracts as an advancement over human regulation. These viewpoints have their merits; like open-source software developers, DeFi developers create code that is inherently neutral and should not be held to strict accountability from the outset.

However, DeFi is also connected to traditional finance. Once financial risks arise, such as the illegal misappropriation of funds or losses incurred by investors due to smart contract vulnerabilities, it would be unreasonable for developers to bear no responsibility. After all, the financial industry is interconnected, involving numerous investors' interests and the stability of financial markets.

As finance increasingly relies on code, regulation must also evolve. On one hand, we can learn from the EU's tiered regulatory approach to crypto assets, setting differentiated regulatory rules for different types of DeFi projects and code applications; on the other hand, establishing a regulatory technology framework that utilizes technological means to monitor DeFi operations in real time, making regulation more efficient and precise.