SEC Chairman: Values such as economic freedom and private property rights are at the core of DeFi, and developers of neutral tools should not be held responsible for the actions of third parties.

On June 10, according to the DeFi Education Fund, the SEC Crypto Working Group held a roundtable on "DeFi and the Spirit of America" today. At the beginning of the roundtable, SEC Chairman Atkins spoke about how decentralized finance (DeFi) aligns with American values: "The 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 commit a violation or rob a bank – to quote the court decision, "In this case, people will not sue the car company for facilitating the violation, but the individual who committed the violation." 」