Uniswap Fires Back: Warns SEC Against Broad Crypto Exchange Definition
Summary
Uniswap Labs challenges SEC's proposed rule to expand crypto 'exchange' definition. The company cites recent Supreme Court decision rejecting Chevron deference, arguing SEC's proposal is flawed and goes beyond statutory language. Uniswap's letter emphasizes potential legal challenges and cites court cases expressing skepticism about SEC's approach to regulating crypto industry. The company suggests SEC should consider the impact of recent Supreme Court decision and reopen the comment period for its proposal. UNI traded at $8.24 at press time.
