The latest round of discussions by the U.S. regulatory body witnessed important debates about DeFi within the framework of "#CryptoRoundTableRemarks". SEC Chairman Gary Gensler emphasized that "engineers should not be held accountable for others' use of their code," reaffirming that maintaining self-custody over wallets is a core American value. Hester Peirce also stated: "code is protected speech under the U.S. Constitution." The speakers pointed out that the agency's initial guidance towards DeFi was restrictive, but the current discussion paves the way for a regulatory framework that helps protect investors and enhance transparency without stifling innovation in the sector. A noticeable rise was seen in DeFi tokens such as UNI and AAVE following this event.
