#CryptoRoundTableRemarks

These remarks highlight a crucial debate as finance becomes more code-driven. I believe DeFi developers should be protected like open-source builders. Writing code isn’t the same as running a financial institution — it’s a tool, not a service. Holding devs liable for others’ actions could seriously chill innovation. As Chair Atkins and Hester Peirce noted, code is speech, and punishing developers sets a dangerous precedent. That said, there’s room for smart regulation — focused on behavior and fraud, not on the tools themselves. Regulation should evolve to respect decentralization: transparent, immutable, and user-controlled. We need frameworks, not fear.