SEC Chairman: The core values of DeFi include economic freedom, private property rights, and developers of neutral tools should not be held responsible for the actions of third parties

BlockBeats News, June 10th, according to DeFi Education Fund, the U.S. SEC's Crypto Council held a roundtable today on "DeFi and the American Spirit." At the beginning of the roundtable, SEC Chair Atkins discussed how decentralized finance (DeFi) aligns with American values:

“The American values of economic freedom, private property rights, and innovation are at the core of the decentralized finance (DeFi) movement.”

In addition, Chair Atkins emphasized that developers of neutral tools should not be held responsible for third-party actions:

“Engineers should not be constrained by federal securities laws solely because they released code for such software. As a certain court has stated, holding the developers of an autonomous vehicle liable for the actions of a third party using the vehicle unlawfully or to rob a bank is not logical—quoting the court's ruling, ‘In this situation, individuals would not sue the car company for enabling the illegal conduct but would instead sue the individual engaging in the illegal conduct.’”