Hayden Adams called Michael Selig’s remarks on Bankless a major step forward compared with earlier enforcement actions that, he said, came without regulatory guidance.
Uniswap founder Hayden Adams said CFTC (U.S. derivatives regulator) current Chairman Michael Selig explicitly described UNI as a commodity during a Bankless appearance a few days earlier. Adams said the remark marks significant progress compared with earlier regulators who, in his view, sued broadly without first offering guidance. The comment matters because whether a token is treated as a commodity or a security can shape which U.S. regulator takes the lead and how projects assess compliance risk.