Marvin Ammori (@ammori) / X

Marvin Ammori

9,496 posts

Marvin Ammori

@ammori

co-founder + clo @nativemarkets. advisor/prev clo @Uniswap Labs. an OG internet/tech lawyer

United States

Joined June 2008

Marvin Ammori
@ammori
Apr 10, 2024
1/ Today’s Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC It’s another abuse of power – unsurprising from an SEC that: Last month, a federal judge ruled committed a "gross abuse of power" by lying in court about a crypto project
Marvin Ammori
@ammori
Aug 30, 2023
Another huge victory for the crypto world & software devs. SDNY court tossed out a class action against us, deciding that the “self-driving” Uniswap protocol has primarily *lawful* use & protocol devs aren’t liable when others misuse it. The trend in courts is obvious.
Marvin Ammori
@ammori
Jul 14, 2023
The SEC lost on everything that matters to them & the industry --retail sales, airdrops, employee comp, implicitly all exchange trades. SEC won on one past relic--certain nonexempt institutional sales--that have been uncommon for years. Just crushed from a practical POV
Katie Biber
@katiebiber
Jul 13, 2023
SEC Statement on Ripple has vibes of young campaign hack spinning on bad facts, vs powerful government agency expected to tell the truth. Do better.
Marvin Ammori
@ammori
May 21, 2024
Today, @Uniswap has submitted our response to the SEC Wells notice we received in April. The Uniswap protocol represents an innovation in commerce that solves long-standing problems– with near-instant, intermediary-free, secure trading of any assets. It is the first widely used
Marvin Ammori
@ammori
Apr 10, 2024
Replying to @ammori
7/ @Uniswap products comply with US law We welcome sensible regulations for crypto – and clear rule of law that we expect in the US – not arbitrary enforcement and continued abuse of power @Uniswap Labs is prepared to fight against this abuse And we’re confident we’ll win
Marvin Ammori
@ammori
Jun 14, 2023
The SEC is trying to change the legal definition of “exchange” as part of their ongoing effort to shut down crypto & decentralized finance. We joined others in submitting arguments against this effort. 1/4 sec.gov/comments/s7-02…
Marvin Ammori
@ammori
Jun 10, 2024
Bittersweet news: I hand off the reins to a new Chief Legal Officer at @Uniswap this week. I’ll remain at Uniswap full-time through November during this transition and then move to a part-time role at the company, focused on global public policy for DeFi. In late 2020, Hayden
Marvin Ammori
@ammori
Mar 23, 2023
Like others in the industry, we at @Uniswap Labs stand with @coinbase in their fight against the SEC.
Paul Grewal
@iampaulgrewal
Mar 22, 2023
Coinbase received a Wells notice from the SEC. After years of asking for reasonable crypto rules, we're disappointed that the SEC is considering courts over constructive dialogue. But if courts are required, so be it. We'll defend the rule of law. 1/15 coinbase.com/blog/we-asked-…
Marvin Ammori
@ammori
Apr 10, 2024
Replying to @ammori
2/ In Ripple, a judge ruled didn’t act “out of a faithful allegiance to the law” In Grayscale, three judges ruled broke the law in denying a bitcoin ETF, having no “reasonable and coherent” explanation In our case with @Uniswap, the SEC’s arguments are particularly weak
Marvin Ammori
@ammori
Apr 10, 2024
Replying to @ammori
4/ The Uniswap Protocol, web app, and wallet don't meet the legal definitions of securities exchange or broker Just weeks ago, the judge in SEC v. Coinbase dismissed the claim that crypto wallets were brokers – *even if* the tokens at issue were securities.
Marvin Ammori
@ammori
Apr 10, 2024
Replying to @ammori
3/ The SEC has authority only over “securities” – not any asset represented by a particular file format or technical standard Most tokens are clearly not securities – e.g btc, eth, stablecoins, meme coins. Nor generally are secondary market transactions, per the Ripple opinion
Marvin Ammori
@ammori
Apr 10, 2024
Replying to @ammori
6/ If the SEC had authority over our self-custodial, non-intermediated products, it could tell us how to register them. It can't and so it doesn't. It has provided no clarity and no guidance – as several SEC commissioners have stated in multiple dissents.
Marvin Ammori
@ammori
May 15, 2020
Replying to @La__Cuen
.@jk_rowling is my favorite!!
Marvin Ammori
@ammori
Apr 10, 2024
Replying to @ammori
5/ A court (in Risley) has ruled the Uniswap Protocol is mainly used for lawful purposes. The SEC's current exchange rule doesn’t cover it. So the SEC proposed a new rule, but we’ve explained why that would fail. sec.gov/comments/s7-02…