Citadel Urges SEC to Classify Open-Source Developers as Unregistered Stockbrokers

Uniswap challenges Citadel's proposal, pushing back against the suggested regulatory classification of open-source blockchain project developers.

UNI

101d ago

Summary

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Terms & Concepts

SEC (U.S. Securities and Exchange Commission): The primary U.S. regulator overseeing securities markets, responsible for enforcing laws against market manipulation.
Open-source developers: Programmers who build and share publicly accessible code that can be freely modified and redistributed.
Stockbroker: A licensed individual or firm that buys and sells securities on behalf of clients.