⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

Uniswap Labs Challenges SEC’s DeFi Regulations Following Supreme Court Ruling

  • Uniswap Labs urges the SEC to reconsider its recent DeFi regulations.
  • Recent Supreme Court rulings could influence the SEC’s regulatory authority.
  • Highlighting the fundamental legal and industry implications at stake.

Uniswap Labs challenges SEC’s DeFi regulations, advocating for an updated approach in light of recent legal developments.

Uniswap Labs Calls for Reassessment of SEC’s DeFi Regulations

Uniswap Labs has formally petitioned the U.S. Securities and Exchange Commission (SEC) to revisit the proposed changes to the Securities Exchange Act of 1934. These changes aim to expand the definition of an “exchange” to include decentralized finance (DeFi) platforms. Uniswap Labs contends that this broad definition oversteps the SEC’s regulatory reach and is likely to be overturned, given recent Supreme Court rulings.

Supreme Court Rulings: Impact and Implications

According to Katherine Minarik, Chief Legal Officer at Coinbase, Uniswap Labs bases its argument on the Supreme Court’s recent decision in Loper Bright Enterprises v. Raimondo. This ruling eliminated the deference previously granted to regulatory agencies under the Chevron doctrine, which allowed for broader interpretation of statutory provisions. Uniswap Labs argues that this change means the SEC’s interpretation of “exchange” is now unfounded and overreaching.

SEC’s Wells Notice and Uniswap’s Defense

Earlier this year, the SEC issued a Wells Notice to Uniswap Labs, alleging that it operates as an unregistered securities exchange. Uniswap Labs has countered by stating that their protocol functions as a passive technology rather than an exchange. They further argue that the SEC would need to redefine what constitutes an exchange to include their operations legally.

Request for Extended Public Commentary Period

In the wake of the Supreme Court decision, Uniswap Labs is pushing for an extended public comment period on the SEC’s proposed rule changes. They believe that the legal landscape has shifted significantly enough to warrant renewed public input. The original comments were based on legal standards that presumed Chevron deference, which is no longer applicable.

Potential Implications for Innovation and Industry

Uniswap Labs warns that the SEC’s proposed amendments could stifle innovation and create legal uncertainties. They emphasize that these changes could adversely affect the DeFi sector, which handles transactions worth trillions of dollars. Previous court cases, such as SEC v. Coinbase, Inc. and SEC v. Binance Holdings, have shown a reluctance to enforce securities laws against decentralized crypto services, highlighting the complex legal environment.

Uniswap’s Ongoing Commitment to Legal Compliance

Despite regulatory pressures, Uniswap Labs remains committed to legal compliance and the broader DeFi community. Uniswap founder Hayden Adams has openly criticized the SEC’s regulatory approach, arguing that targeting significant players like Uniswap and Coinbase without addressing actual fraudsters harms the market.

Conclusion

In conclusion, Uniswap Labs is determined to challenge the SEC’s proposed rule changes. By invoking recent Supreme Court rulings, they argue for a more precise and legally sound regulatory approach. Uniswap Labs is prepared to continue this legal battle, emphasizing the need for rules that foster innovation while ensuring legal clarity.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

JPMorgan Chase Doubles Robinhood Target Price, Highlights Bitcoin’s Role in Crypto and Tokenization Growth

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Ethereum Reserve Concept Stocks Plunge: Bitmine Immersion and GameSquare Lead Declines Over 10%

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Treehouse (TREE) Surges to $1.50 on Binance Opening, Market Cap Hits $173 Million

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin Falls Below $118,000 Amid 0.46% 24-Hour Decline, Ethereum Drops Under $3,800

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Binance Launches TREE 1-75x USDT-Margined Perpetual Contract and Financial Services on July 29, 2025

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Twenty One Capital May Add 5,800 BTC to Holdings Ahead of Potential Public Listing

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin May Need Higher Volume to Break $120,000 Resistance and Enter Price Discovery Phase

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin Faces Market Cooldown Amid Whale Activity and Cautious Outlook from Michael Saylor

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Standard Chartered Suggests Corporations Could Eventually Hold Up to 10% of Ethereum Supply

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

VeChain and BitGo Explore Institutional Blockchain Adoption with Franklin Templeton Collaboration

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Ghana Considers Licensing Bitcoin Platforms to Enhance Oversight of Growing Crypto Transactions

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Ethereum’s Evolution: Potential Paths for Scaling, Interoperability, and Institutional Adoption

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Pyth Network May Enable Real-Time Onchain Price Feeds for Major Hong Kong Stocks

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img