@keplrdao
Huge!
The SEC just gave DeFi a broker exemption.
Uniswap UI, MetaMask Swap, DEX aggregators DON'T need to register as a broker-dealers.
DeFi apps just can't get paid for order flow, offer investment advice, or touch user funds - all fair.
Exactly the clarity we needed - the right approach.
I remember SBF telling us in 2022 they'd never allow DeFi apps to not be regulated as broker-dealers (and that only he could save us....by selling out DeFi to the U.S. gov).
Wrong again Sam.
And as for this Atkins/Pierce SEC....they just keep being awesome.