Uniswap founder calls US’ approach to regulating crypto ‘sad and unfortunate’
Uniswap founder Hayden Adams said the U.S. approach to regulating the crypto industry was “not very thoughtful, not very good” and was “a bit sad and disappointing.”
Adams said at the press conference. exterior on the Unchained podcast on June 20th.
He said many countries around the world are taking steps to “research and understand DeFi,” but the U.S. is largely using DeFi “unfortunately, for political upliftment.” said there is.
Adams said the U.S. is “well behind” countries like France and the U.K., which have taken a “thoughtful” approach to regulating and engaging with DeFi. Both countries are at an advanced stage in introducing new regulatory frameworks designed specifically for the cryptocurrency industry and its nuances.
Uniswap’s founder said the company is considering setting up offices outside the United States amid heightened regulatory uncertainty, but has no plans to move abroad for now.
Uniswap v4 is not open source at first
Adams elaborated on the upcoming Uniswap v4 update and why it wasn’t open sourced in the first place, even though everyone is a “huge fan”.
However, the code will eventually be fully open source within four years (similar to v3). Additionally, Uniswap token holders can vote to open source their code through governance at any time.
He said that while previous versions of Uniswap were and still are fully open source, the company’s experience with forking code has shown that a higher level of caution is required.
Adams added that the open source philosophy does not consider that within days there will be “thousands of economically encouraged forks” and those forks will often be of very low quality. .
Mr Adams said:
“We used to have 20 Uniswap forks a day and they all created incentives.”
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