#加密圆桌讨论 #加密圆桌讨论 **Cryptocurrency Roundtable Discussion: The Balance of DeFi, Code, and Regulation**

Recently, the cryptocurrency roundtable held by the U.S. Securities and Exchange Commission (SEC) has garnered widespread attention, with intense discussions focusing on decentralized finance (DeFi), code responsibility, and regulatory frameworks. As DeFi rapidly evolves, the conflict between its anonymity, open-source characteristics, and the existing regulatory system has become increasingly prominent, making the balance between innovation and compliance a focal point.

Some viewpoints argue that DeFi developers should only be responsible for the code, like traditional open-source developers, and should not bear financial regulatory obligations. This position emphasizes the decentralized nature of technology, suggesting that excessive regulation may stifle innovation. However, opponents argue that DeFi projects involve user assets and financial risks, and a complete detachment from regulation could lead to fraud and market chaos, harming investor interests.

The SEC's involvement reflects regulators' concerns regarding the potential risks of DeFi. Possible future solutions include developing adaptive regulations that protect investors while allowing space for technological development. Developers may need to comply with regulatory requirements based on code transparency, such as introducing identity verification or risk warning mechanisms.

This discussion marks a transition for the cryptocurrency industry from reckless growth to maturity. The future of DeFi depends on the interplay between technological innovation and regulatory wisdom.