#CryptoRoundTableRemarks Hello community! 👋
The U.S. SEC recently held a roundtable titled 'DeFi and the American Spirit', where leaders from the crypto ecosystem, lawyers, and regulators discussed the legal present and future of decentralized finance.
One of the most discussed topics was: should DeFi developers be treated as mere open-source code programmers, or as responsible financial intermediaries?
🔍 Key points of the debate:
The focus should be on activities, not on code. Several panelists, such as Michael Jordan (DBA), warned that trying to directly regulate code would only push innovation into the shadows.
Off-chain transparency: Gabe Shapiro (MetaLeX) proposed that collateral agreements or governance affecting users should be disclosed.
Risks that must be managed: Rebecca Rettig (Jito Labs) highlighted cybersecurity, poor system design, and illicit financing as regulatory focal points.
🧠 My opinion?
I believe that developers who do not handle funds or control protocols in production should be protected like free software developers, while those who implement custody or manipulation mechanisms should have greater responsibilities.
DeFi regulation must evolve without stifling innovation, focusing on transparency, risk management, and proportional accountability.
💬 What do you all think? Where do we draw the line between protecting code freedom and protecting the user?