Uniswap Labs urges SEC to halt proposed rulemaking including expansion of definition of “trading platform”

Katherine Minarik, the Chief Legal Officer of Uniswap Labs, urged the US Securities and Exchange Commission (SEC) not to continue with its proposed rulemaking process, which would inappropriately and significantly expand the definition of "trading platform" to include DeFi and more. Regardless of whether it is good or bad, the Supreme Court has already overturned the Chevron principle. Even under that principle, the SEC's proposal is flawed - even more so under today's standards. The SEC and the entire industry have better ways to use resources than wasting time and energy on a lawsuit over an illegal rule.