#CryptoRoundTableRemarks SEC and DeFi: a new perspective on regulation?

At the latest SEC roundtable on cryptocurrencies, key figures expressed their views on DeFi, code, and regulation:

🔹 SEC Chair Gary Gensler: “Engineers should not be held responsible for how others use their code.”

🔹 Commissioner Hester Peirce: “Code is protected speech under the First Amendment.”

🔹 Eric Voorhees: “Smart contracts are a step forward compared to human regulators.”

🔹 Other participants emphasized that decentralization does not mean chaos - it is transparent, predictable, and user-oriented.

What does this mean for the future of DeFi?

The SEC is demonstrating a more open approach to regulation, acknowledging that traditional laws are not always applicable to decentralized systems. The possibility of an "innovation exemption" is being discussed - a streamlined path for DeFi projects in the U.S.