# SEC DeFi Guidance Focuses on Human Control in Regulatory Debate By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/48234 Published: 2026-11-04T04:50:29.000Z Updated: 2026-11-04T04:50:29.000Z Section: Regulation > Industry participants are divided over who should face compliance duties as Congress has yet to pass a crypto market-structure law. The Securities and Exchange Commission (SEC) has issued guidance on decentralized finance (DeFi), with human control and regulatory duties featuring in an industry debate over who should face compliance obligations. Industry participants are divided over regulatory responsibility as the SEC clarifies its approach to DeFi. Human control is a focus of the discussion. The debate comes as Congress has not passed a market-structure law clarifying federal agencies' roles. It follows stalled action on the Clarity Act, which would address crypto market structure, and the SEC's [earlier crypto guidance after the Clarity Act vote failed](). ## Links in this article - [earlier crypto guidance after the Clarity Act vote failed](https://www.tokenpost.com/news/regulation/25051)