Uniswap Labs is difficult the US Securities and Alternate Fee’s (SEC) proposed rulemaking efforts that may increase the definition of a crypto ‘trade’ below US securities legal guidelines to incorporate decentralized finance (DeFi) platforms. The problem is framed inside a letter to the SEC, bolstered by current Supreme Court docket selections that might affect the interpretation and enforceability of such regulatory expansions.

Uniswap Takes On SEC

Katherine Minarik, Chief Authorized Officer of Uniswap Labs, revealed the corporate’s step in a put up on X, citing the US Supreme Court docket’s current judgment which rejects the applying of Chevron deference in federal company rulemaking. “For higher or worse, the Supreme Court docket has rejected Chevron deference. The SEC’s proposal was flawed even with that deference — and it’s all of the extra so below in the present day’s normal,” Minarik acknowledged.