#CryptoRoundTableRemarks

CryptoRoundTable | SEC vs. DeFi: Should code be held accountable?

At the latest SEC crypto roundtable, a major question sparked debate:

💬 Is code a form of speech — or a financial instrument that should be regulated?

🧠 Commissioner Hester Peirce reminded us: “Code is a form of free expression protected by the First Amendment.”

⚖️ Experts argued: Developers shouldn’t be held liable for how others use open-source code.

🤖 Erik Voorhees (ShapeShift) stated: “Smart contracts are functionally superior to human regulators.”

Still, others noted: Decentralization doesn’t mean lawlessness — it means transparent, predictable, user-driven governance.

💥 So, should DeFi developers be prote

cted like software engineers — or regulated like financial intermediaries?

As finance becomes programmable, maybe it’s time to rewrite the rulebook.