DeFi Advocates Say Applying TradFi Rules Is “Impracticable”

[cryptobro]

Crypto lobby groups argued that regulating decentralized platforms like traditional exchanges or broker-dealers would be unworkable.
They rejected Citadel’s claim that autonomous software acts as a financial intermediary, saying code cannot function as a “middleman” because it lacks discretion or independent judgment — a key requirement under securities law.

[Nahid Hossen]

Applying TradFi rules to DeFi ignores how decentralized systems actually work.

[Abdul Khan]

A more educational approach from the SEC may benefit both investors and builders.

[Nahid Hossen]

Pension fund exposure always needs extra caution, especially with volatile assets like crypto.

[The_Walking_Dead]

Code executes rules — it doesn’t exercise judgment.

[Capybara_Capybara]

Treating protocols like brokers misses the architecture entirely.

[Revenant]

Regulation should target control points, not math.