SEC Chair Atkins Highlights Ethereum’s Role in Upholding American Values in DeFi Roundtable

COINOTAG News reports that on June 10th, the U.S. Securities and Exchange Commission’s Crypto Council convened a pivotal roundtable titled “DeFi and the American Spirit.” SEC Chair Gary Gensler highlighted the intrinsic connection between decentralized finance (DeFi) and foundational American principles such as economic liberty, property rights, and technological innovation. This discussion underscores the regulatory focus on fostering an environment where DeFi can thrive without compromising legal frameworks.

Chair Gensler further clarified the regulatory stance on developers, asserting that creators of neutral blockchain protocols should not bear liability for illicit activities conducted by third parties using their software. Drawing an analogy from a recent judicial ruling, he compared this to holding autonomous vehicle manufacturers accountable for crimes committed by drivers, emphasizing that responsibility lies with the individual actors rather than the technology providers. This perspective aims to balance innovation with accountability within the evolving crypto regulatory landscape.