Impact of SEC’s proposed regulation DeFi on Uniswap, Maker, and Galaxy Fox
Decentralized Finance (DeFi) has emerged as one of the hottest sectors in crypto, attracting institutional investors. The likes of Uniswap, Maker, and Galaxy Fox have emerged as some of the best cryptos to invest in today. Amidst this growth, David Hirsch, the head of the Security and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit has emphasized the agency’s commitment to regulating DeFi. How will SEC regulation affect these three booming DeFi protocols? How will Uniswap be affected by SEC’s proposed regulation? Uniswap has solidified its position as the biggest decentralized exchange (DEX) in the crypto space. The SEC has gone after centralized exchanges (CEXs) like Binance and Coinbase. The regulatory agency has proposed to expand its reach and regulate the Uniswap exchanges like other CEXs. The securities laws will then apply to Uniswap and other DEXs. However, industry experts have argued that the likes of Uniswap d...