According to a statement from the Defi Education Fund, the working group of the US Securities and Exchange Commission (SEC) Cryptocurrency held a round table discussion today entitled “Defi and the American Spirit”.
SEC chairman Atkins gave the first speech of the meeting and emphasized the compatibility of decentralized finances (Defi) with American values.
“American values such as economic freedom, property rights and innovation are the core of the Defi movement,” said Atkins.
In his speech, Atkins said that software developers who develop neutral tools cannot be held responsible for the actions of third parties and used the following statements:
“Engineers should not be subject to federal securities laws, simply because they publish software code. As a court has explained, when a third party uses an autonomous vehicle for his own advantage illegally, keep the perpetrator responsible, not the vehicle manufacturer. The same principle must apply to Defi.”
The meeting continued with various views that were shared about how Defi can be made more in accordance with the American regulations and how the rights of developers can be protected.
*This is not investment advice.
