Uniswap Labs is challenging the US Securities and Exchange Commission’s (SEC) proposed rulemaking efforts that would expand the definition of a crypto ‘exchange’ under US securities laws to include decentralized finance (DeFi) platforms. The challenge is framed within a letter to the SEC, bolstered by recent Supreme Court decisions that could influence the interpretation and enforceability of such regulatory expansions.
Uniswap Takes On SEC
Katherine Minarik, Chief Legal Officer of Uniswap Labs, revealed the company’s step in a post on X, citing the US Supreme Court’s recent judgment which rejects the application of Chevron deference in federal agency rulemaking. “For better or worse, the Supreme Court has rejected Chevron deference. The SEC’s proposal was flawed even with that deference — and it’s all the more so under today’s standard,” Minarik stated.
Today @Uniswap Labs urged the SEC not to proceed with its proposed rulemaking that would dramatica
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