#CryptoRoundTableRemarks
CryptoRoundTable | SEC vs. DeFi: Should code be held accountable?
At the latest SEC crypto roundtable, a major question sparked debate:
๐ฌ Is code a form of speech โ or a financial instrument that should be regulated?
๐ง Commissioner Hester Peirce reminded us: โCode is a form of free expression protected by the First Amendment.โ
โ๏ธ Experts argued: Developers shouldnโt be held liable for how others use open-source code.
๐ค Erik Voorhees (ShapeShift) stated: โSmart contracts are functionally superior to human regulators.โ
Still, others noted: Decentralization doesnโt mean lawlessness โ it means transparent, predictable, user-driven governance.
๐ฅ So, should DeFi developers be prote
cted like software engineers โ or regulated like financial intermediaries?
As finance becomes programmable, maybe itโs time to rewrite the rulebook.
๐ฃ What do you think?
๐ Is code freedom โ or liability?
๐ Who should be accountable in a decentralized world?
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