📢 At the last SEC roundtable on crypto, key points for the future of DeFi were raised:
🔹 SEC Chair Paul Atkins: "Engineers should not be held responsible for how others use their code".
🔹 Commissioner Peirce: "Code is a form of free speech".
🔹 E. Voorhees: "Smart contracts are a qualitative leap compared to human regulators".
🔹 And most importantly — decentralization ≠ lawlessness. It is transparent, predictable, and user-controlled.
📌 My position: DeFi developers are the architects of the system, not bankers. Equating them with financial intermediaries distorts the technological essence of blockchain. But at the same time — accountability for consciously creating schemes to circumvent the law must exist.
Smart regulation should focus not on the code, but on the actual behavior of protocols and their operators.