SEC Chairman Atkins: The core gene of DeFi aligns with American values, and developers should not be held responsible for third-party actions.

According to the DeFi Education Fund, the SEC Crypto Working Group today held a roundtable on “DeFi and the American Spirit”. At the beginning of the roundtable, SEC Chairman Atkins spoke about how decentralized finance (DeFi) aligns with American values: "American values of economic freedom, private property rights, and innovation are at the heart of the DNA of the decentralized finance (DeFi) movement. In addition, Chairman Atkins emphasized that developers of neutral tools should not be held liable for the actions of third parties: "Engineers should not be subject to federal securities laws solely for distributing such software code. As one court put it, it would be irrational to hold the developer of a self-driving car responsible for a third party using the car to violate the law or rob a bank — which, to quote a court decision, would not sue the car company for facilitating the violation, but the individual who committed it. "