Uniswap founder Hayden Adams has voiced strong opposition to efforts by traditional financial institutions to have the U.S. SEC regulate decentralized finance (DeFi) developers as centralized entities. Adams highlighted that these institutions, which previously contested the Constitution DAO's activities, now claim that DeFi protocols do not adhere to 'fair access' standards. He argued that open-source, peer-to-peer technologies inherently reduce barriers to liquidity creation, setting them apart from traditional market-making models.