Krutika Adani
The SEC has sought to amend the definition of an exchange to a new one, including DeFi protocols like Uniswap.
As per Uniswap, the backdrop against which SEC has proposed the new amendment no longer exists.
To prevent an unnecessary litigation battle, Uniswap has urged the SEC to drop the amendments.
As per law experts, the SEC’s move to include DeFi exchanges and swapping protocols into its authority could extend its already limited budget.
As per Uniswap, the courts would reject the SEC’s new definition of an exchange.