Ammori also said that the SEC’s accusation that Uniswap’s interface and wallet are brokers will fail as well, pointing to a recent ruling from a federal judge dismissing the SEC’s claims that the Coinbase Wallet constituted an unregistered securities broker
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Uniswap Labs Urges SEC to Drop Pending Enforcement Action in Wells Response
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Uniswap’s Chief Legal Officer Martin Ammori claimed that SEC’s accusation that Uniswap interface and wallet are brokers will fail pointing to a recent ruling from a federal judge dismissing the SEC’s claims that the Coinbase Wallet was an unregistered securities broker
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In it's response to SEC in regards to enforcement notice (Wells notice) for Operating as Unregistered Securities Exchange and Broker Uniswap claims that under current definition of an Exchange, it has to be specifically designed for securities trading and in Uniswap case, the majority of volume are obvious non-securities like Ethereum, Bitcoin and stablecoins
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