Former SEC aide and Uniswap founder clash over decentralization’s true role

Four days after Uniswap Labs and the Uniswap Foundation proposed merging their operations and activating the long-awaited fee switch, a X spat between the protocol’s founder and Gary Gensler’s former chief of staff reopened wounds that the crypto industry thought had healed. Simultaneously, SBF became the most prominent industry backer of the Digital Commodities Consumer Protection Act, a legislation critics labeled the “SBF bill” due to its compliance obligations that would effectively ban major DeFi services. For Adams and the DeFi community, the proposal represents earned autonomy after surviving years of hostile oversight that nearly classified UNI as a security, creating such profound legal uncertainty that the fee switch remained dormant despite token holders’ wishes.

Author: Gino Matos

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