#CryptoRoundTableRemarks

The latest round of discussions by the U.S. regulatory body witnessed important debates on DeFi under the framework of "CryptoRoundTableRemark". SEC Chair Gary Gensler emphasized that "engineers should not be held accountable for others' use of their code," affirming that maintaining self-custody of wallets is a core American value. Hester Peirce added: "Code is protected speech under the U.S. Constitution." The speakers noted that the initial guidance from the agency towards DeFi was stifling, but the current discussion paves the way for a regulatory framework that helps protect investors and enhances transparency without stifling innovation in the sector. A noticeable increase was observed in DeFi tokens such as UNI and AAVE after this event.