Overview

• Uniswap Labs contends that its protocol is a general-purpose technology, not a securities exchange.
• The company asserts that the SEC lacks jurisdiction over cryptocurrencies like ether, bitcoin, and stablecoins.
• Uniswap warns that SEC action could drive American users to foreign trading platforms and stifle innovation.
• The response follows similar regulatory challenges from other crypto firms like Consensys and Robinhood.
• Uniswap's legal team emphasizes that Congressional intervention is needed for clear crypto regulation.