#CryptoRoundTableRemarks

Crypto is Not Just Technology, But a Battlefield for Power

In the US Congress, two bills—the CLARITY Act and the GENIUS Act—are being discussed. Both promise legal certainty, but also risk narrowing the space for innovation. On the other hand, the SEC Chairman proposed an intriguing idea: the "innovation exemption"—a loose policy that allows DeFi innovators to continue operating under conditions of transparency and accountability.

A discussion panel titled "DeFi and the American Spirit" even touched on distinctive American values such as property rights and freedom. But is that spirit still alive when wallets can be frozen based on network consensus?

The prices of DeFi tokens like COMP, UNI, and AAVE surged after this statement, but the crypto community is not entirely relieved. Many are actually worried: as protocols start to comply with regulations, are we building a decentralized future—or just an old system with a new face?

Crypto is not just about code and markets. It is a battleground between the state, the market, and the public. The roundtable is just one chapter. We must remain critical to ensure the direction of the digital future favors user sovereignty, not the old powers disguised as "innovation."