According to Odaily, Katherine Minarik, the Chief Legal Officer of Uniswap Labs, has urged the U.S. Securities and Exchange Commission (SEC) to reconsider its proposed rulemaking. The concern raised by Uniswap Labs is that the proposed rules would inappropriately expand the definition of 'exchange' to include Decentralized Finance (DeFi) among others.
Minarik expressed her views on the X platform, stating that the proposed changes could have significant implications for the DeFi sector. Uniswap Labs believes that the broadened definition of 'exchange' could potentially stifle innovation and growth within the industry.
The company has therefore called on the SEC to reconsider its stance, arguing that the proposed rules could be detrimental to the development of the DeFi sector. Uniswap Labs has been proactive in voicing its concerns, aiming to influence the SEC's decision-making process and protect the interests of the DeFi community.