#CryptoRoundTableRemarks

The recent SEC roundtable highlighted how pressing the issue of DeFi regulation is. SEC Chairman Atkin's statement that “engineers should not be held responsible for how others use their code” emphasizes the important distinction between creating a tool and its application. This is reminiscent of the situation with open-source software — after all, no one blames the authors of ZIP files for their use in phishing.

Hester Peirce rightly reminded: “Code is a form of speech protected by the First Amendment.” In the Web3 world, smart contracts are becoming not just lines of code but a new form of trust between people and machines. Erik Voorhees aptly noted: “smart contracts are a step forward compared to human regulators.” They are transparent, predictable, and not subject to corruption.

Personally, I believe that DeFi developers should not bear legal responsibility as financial intermediaries if they do not directly manage user assets. However, rules must evolve: new legal frameworks need to be created where openness and decentralization are combined with accountability, without stifling innovation.

DeFi is built on $ETH — the world is already changing