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SEC's Peirce Argues Publishing DeFi Code Is Protected Speech

EthanBrooks
Regulation & Policy

SEC Commissioner Hester Peirce argued on Jun 4, 2026, that publishing DeFi code constitutes protected speech under the First Amendment. Peirce stated that software developers should not face securities obligations simply for creating blockchain tools. The statement comes as the SEC reassesses its approach to cryptocurrency oversight.

FAQ

What did SEC Commissioner Hester Peirce say about DeFi code on Jun 4, 2026?

Commissioner Hester Peirce argued that publishing DeFi code is protected speech under the First Amendment. She stated that software developers should not face securities obligations simply for creating blockchain tools.

Why did Peirce make this statement about DeFi code?

Peirce's statement comes as the SEC reassesses its approach to cryptocurrency oversight. She emphasized that developers creating blockchain tools should not automatically face securities regulations.

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