In the latest panel discussion on cryptocurrencies at the U.S. Securities and Exchange Commission (SEC), prominent figures discussed decentralized finance (DeFi), programming, and regulation:

• SEC Chair, Gensler: "Engineers should not be held responsible for how others use their programming."

• Hester Peirce: "Programming is a form of expression protected under the First Amendment."

• Erik Voorhees: "Smart contracts represent a gradual improvement over human regulatory bodies."

• Others argued that decentralization is not lawless – rather, it is transparent, predictable, and user-directed.