Law & Policy

In light of the SEC's upcoming roundtable on crypto trading, the SEC should issue interpretive guidance excluding an AMM-based DEX, like @uniswap, from the definition of an "exchange" in the Exhange Act.

The largest onchain marketplace. Buy and sell crypto on Ethereum and 11+ other chains.

In light of the SEC's upcoming roundtable on crypto trading, the SEC should issue interpretive guidance excluding an AMM-based DEX, like @uniswap, from the definition of an "exchange" in the Exhange Act.

https://www.sec.gov/files/ctf-input-berkun-040325.pdf

3L @ GW Law // Not a lawyer // Self-custody is the future 🔐 // jbcryptolaw.com 

This would provide legal certainty for DEXs while acknowledging the limitations to the self-regulatory framework for securities exchanges. Ultimately, Congress should address the risks of DEXs through new legislation.