Lawyer: Don’t Punish the Programmers

Smart contract developers should not be responsible for violations of regulation perpetrated on the blockchain, says Katten special counsel.

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Regulators should not hold programmers responsible for unlawful uses of emerging technology, a financial services lawyer has said.

“If I have to give any advice to this agency, it’s don’t create the rules through enforcement activity; don’t create the rules through rules that scare people,” Katten special counsel Gary DeWaal said, referring to the Commodities Futures Trading Commission (CFTC).

DeWaal, who was speaking at the CFTC’s Fintech Forward conference in Washington, DC, on Thursday,

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