What legal and regulatory risks should I be aware of as a DeFi developer?

Hi everyone,

I’m considering a job as a DeFi developer and want to understand the real-world risks especially those around regulatory compliance, developer liability, and crypto law. There’s a lot of uncertainty in the space, which is making me cautious.

Can anyone help me with understanding what legal or regulatory challenges do DeFi developers face most often? How much personal liability risk does a developer actually have and what does “compliance” really mean when rules aren’t clear or keep changing?

I’d appreciate practical experiences, lessons learned, and any tips for managing legal risks. Thanks in advance. Llooking forward to the community’s advice!