Uniswap Labs urges the U.S. SEC to stop expanding the proposed rulemaking on the definition of "trading platforms."

ChainCatcher message, Uniswap Labs Chief Legal Officer Katherine Minarik posted on social media, "Uniswap Labs today urged the U.S. Securities and Exchange Commission (SEC) not to continue advancing its proposed rulemaking process, which would greatly and improperly expand the definition of 'trading platform' to include DeFi and more.

Regardless of the pros and cons, the Supreme Court has overturned the Chevron principle ruling. Even under that principle, the SEC's proposal is flawed—especially by today's standards. The SEC and the entire industry have better ways to utilize resources than wasting time and energy on a lawsuit over an unlawful rule."