Hayden Adams, founder of Uniswap, has voiced his opposition to efforts by certain financial institutions to have the U.S. Securities and Exchange Commission (SEC) regulate decentralized protocol developers as if they were centralized intermediaries. According to a report from Odaily, these institutions, which played a role in the controversial Constitution DAO auction, are now arguing that DeFi protocols fall short of meeting the ‘fair access’ standard. 🛡️ Adams contends that the concept of ‘fair access’ is being used as a pretext for increased regulation. He argues that open-source, peer-to-peer technology inherently reduces barriers to liquidity creation, fundamentally diverging from traditional market-making models.