UNI shot up 33% over the past day. Traders are reacting to the SEC's new Innovation Exemption and the regulator's related statements. The spotlight was on SEC Commissioner Hester Peirce, who said that truly decentralized systems running on autonomous code shouldn't need these kinds of exemptions at all. Peirce's take is spelled out in her official statement—check out Commissioner Hester Peirce's comment.

What Hayden Adams Said

Uniswap founder Hayden Adams called Peirce's comment the real headline, not the exemption itself. According to Adams, standard decentralized trading on Uniswap doesn't need these carve-outs, but the new rules could let Uniswap v4 be used for regulated trading of tokenized stocks in the US. He shared his thoughts in a post—see Adams' statement.

Why This Matters for the Market

The SEC's signal is being read by the market as a move toward clearer rules for innovation. For Uniswap, it means the core decentralized model still fits with the regulator's approach to autonomous protocols, and Uniswap v4 could potentially be used in the regulated tokenized securities space in the US. With these expectations, demand for UNI has ramped up.

Where to Trade UNI

The token is listed on major centralized exchanges, including Bybit.