#CryptoRoundTableRemarks Decentralized finance (DeFi) is changing the way we think about investing our money, but when something goes wrong, who should we hold accountable?
As DeFi expands, the issues of accountability and compliance become more complex.
Developers create cryptographic software for financial activities. And when these tools enter the world, they cannot control how people use them.
Current challenges involve changes in the regulatory landscape surrounding DeFi, which is complicated given that they are constantly changing. If regulations as a control measure become strict, it could limit the creative generators of the DeFi world, but even though there is a fine line between responsibility and innovation, a balance is needed to help the cryptocurrency industry thrive while complying with the laws, and at the same time protect its users and benefit the expansion of the financial world.
The SEC recognizes past legal threats and is reviewing updates to the self-custody rules and determining which activities fall under its jurisdiction. This means that the SEC acknowledges the enormous impact of DeFi and blockchain-based protocols. They seek updates that protect investors without stifling innovation.
