#加密圆桌讨论
In discussions at the SEC's crypto roundtable, the core controversy revolves around the boundaries of responsibility for DeFi developers and the adaptability of regulatory frameworks. Proponents argue that code should be protected under the First Amendment, and developers should not be held accountable for third-party abuses (as per the views of Atkins and Peirce), while regulators emphasize that financial activities must have clearly defined responsible parties (as outlined in the IOSCO framework). The transparency and automation of smart contracts, while enhancing efficiency (as noted by Voorhees), also expose vulnerabilities and governance rigidity issues. Future regulation needs to balance innovation with safety: by implementing categorical exemptions (distinguishing between securities and non-securities tokens), on-chain compliance tools (auditable smart contract modules), and sandbox mechanisms to transition from 'institutional regulation' to 'protocol regulation'. The key principles should be to protect neutral developers, hold actual controlling parties accountable, while avoiding excessive centralized interventions that stifle technological potential. #TradersLeague #TradersLeagueS02 $ETH
