SEC Roundtable Debate: Should Code Be Blamed?
The SEC roundtable will raise the core controversy: Should DeFi developers be held accountable for the misuse of their code?
Technically Neutral Party: Code is like a kitchen knife; developers should not be responsible for user behavior (Atkins)
Free Speech Advocates: Code is protected by the Constitution and is a form of expression in the digital age (Peirce)
Efficiency First Group: Smart contracts are more transparent and efficient than human regulation (Voorhees)
Decentralization ≠ Lawlessness; Transparent rules need to be accompanied by accountability mechanisms
The line between malicious code and normal development is blurred
Mandatory Algorithm Disclosure: Require projects to disclose core code logic
Smart Contract Review: Introduce formal verification technology to identify vulnerabilities
Dynamic Regulatory Framework: Refer to the EU MiCA, balancing innovation and risk
Core Conflict: When code becomes financial infrastructure, complete technical neutrality may condone risks, while excessive regulation may stifle innovation. Future regulation needs to act like a 'digital doctor,' ensuring the healthy operation of code without interfering with its autonomous decision-making.
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