Katherine Minarik, chief legal officer of Uniswap Labs, said on the X platform that Uniswap Labs urged the Securities Exchange Commission (SEC) not to proceed with its proposed rulemaking because the rule would significantly and improperly expand the definition of "exchange" to include DeFi and others. Previously, it was reported that Uniswap Labs has hired former Coinbase legal head Katherine Minarik as its chief legal officer.