#加密圆桌讨论 This sudden shift in regulatory winds has sent adrenaline levels soaring throughout the cryptocurrency sphere—should DeFi developers be protected like programmers, or punished harshly like financial institutions?

1. SEC's 180-degree regulatory shift: from 'iron fist crackdown' to 'issuing get-out-of-jail-free cards'

In recent years, the SEC has been quite harsh; during Gensler's era, it would often sue Uniswap and Coinbase, causing project teams to flee to Singapore overnight.

But at this roundtable meeting, the new chairman Paul Atkins directly rolled out three major bombshell policies:

- Miners and staking service providers are not considered securities intermediaries: PoW/PoS players no longer have to live in fear, ETH2.0 staking annualized at 5%? The SEC won't stop you from collecting rent!

- Declaration of code freedom: Writing open-source agreements = freedom of speech, referencing the Tornado Cash case, Atkins directly compared it to self-driving cars—'We can't just arrest Musk because someone used a Tesla for robbery, right?'