The most bullish AMM news today is not the official statement, but the comment letter from SEC Commissioner @HesterPeirce that went along with it “Truly decentralized systems that are driven by autonomous software… do not need need an exemption” (Aka normal permissionless Uniswap) The exemption applies to permissioned pools on Uniswap v4, creating a pathway for compliant trading in the US for assets and users where this is needed This can be incredibly useful for amm adoption, and we will be submitting a comment letter with proposed improvements https://www.sec.gov/newsroom/speeches-statements/peirce-slumber-number-innovation-exemption-statement-091726