Today @Uniswap responded to the SEC's Wells notice
We believe the SEC should embrace open source technology that makes markets cheaper, faster, and more safe
Tokens are a file format, like a pdf. And the Uniswap Protocol is a general purpose internet protocol that anyone can use and integrate, like TCP/IP
With their theories, the SEC is seeking to dramatically expand their jurisdiction to cover all digital value, open source code, and general purpose internet communications protocols
This is not their job - they are meant to be a securities regulator that enforces disclosures related to the sale and trading of securities - not the world internet police
This SEC’s reckless approach to crypto has not protected consumers and has caused immeasurable harm in the US - to individuals, businesses, and the state itself. We should lead on internet innovation, not stifle it
We are proud of our work and have nothing to hide. We’re ready to fight for Uniswap and DeFi in court. And we’re ready to win 🦄
Read a summary and the full 40 page statement here:
blog.uniswap.org/the-fight-for-…
We believe the SEC should embrace open source technology that makes markets cheaper, faster, and more safe
Tokens are a file format, like a pdf. And the Uniswap Protocol is a general purpose internet protocol that anyone can use and integrate, like TCP/IP
With their theories, the SEC is seeking to dramatically expand their jurisdiction to cover all digital value, open source code, and general purpose internet communications protocols
This is not their job - they are meant to be a securities regulator that enforces disclosures related to the sale and trading of securities - not the world internet police
This SEC’s reckless approach to crypto has not protected consumers and has caused immeasurable harm in the US - to individuals, businesses, and the state itself. We should lead on internet innovation, not stifle it
We are proud of our work and have nothing to hide. We’re ready to fight for Uniswap and DeFi in court. And we’re ready to win 🦄
Read a summary and the full 40 page statement here:
blog.uniswap.org/the-fight-for-…
FYI for American citizens – tomorrow the House plans to vote on a bill that clarifies authority over digital asset trading
To support this bill, email your representative today
standwithcrypto.org/action/email
To support this bill, email your representative today
standwithcrypto.org/action/email
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