#CryptoRoundTableRemarks AN OLD DISCUSSION

In recent days, the debate over whether Decentralized Finance (DeFi) should remain open-source software or submit to stricter regulation has gained momentum. The trigger was a new series of warnings and interventions from the U.S. SEC against platforms operating without registrations or audits. On one hand, advocates of open source argue that the essence of DeFi is precisely to eliminate intermediaries, offer transparency through smart contracts, and allow global access without censorship. On the other hand, regulators argue that the lack of oversight exposes users to fraud, exploits, and money laundering. Some experts propose a hybrid model, where the code remains open but with mandatory audits and minimum consumer protection rules. The pressure from the SEC could accelerate the exodus of DeFi projects to more flexible jurisdictions, affecting the U.S. ecosystem in crypto innovation.