Uniswap’s formal petition to the U.S. Securities and Change Fee (SEC) underscores its deep concern over proposed amendments to the Securities Change Act of 1934, which it believes would prolong the SEC’s regulatory attain past its supposed scope onto DeFi platforms.

The corporate argues that the SEC’s amendments might probably infringe upon judicially established boundaries.

Highlighting the evolving authorized panorama, Uniswap Labs insists that the SEC’s present definition of ‘exchange’ doesn’t adequately embody the decentralized nature of DeFi protocols.

The corporate faces regulatory motion after receiving a Wells Discover from the SEC in April, alleging Uniswap’s operation of unregistered securities buying and selling as each an alternate and a dealer.

Uniswap Labs counters that its protocol features as passive expertise facilitating peer-to-peer transactions fairly than a standard alternate.

Furthermore, Uniswap Labs requires an prolonged remark interval to make sure that any regulatory adjustments align with the current authorized framework and don’t inadvertently stifle innovation.

They categorical concern that the SEC’s enforcement-oriented strategy, fairly than establishing clear regulatory pointers, dangers creating uncertainty throughout the DeFi trade. Uniswap Labs stays steadfast in its dedication to difficult what it perceives as regulatory overreach, positioning itself to defend the DeFi ecosystem in potential authorized battles up to the Supreme Court docket if essential.