**[Uniswap Founder: Permissioned Uniswap v4 Pools Are the New Gateway for U.S. Compliant On-Chain Stock Trading]** BlockBeats News, September 17: Uniswap founder Hayden Adams stated that the most important aspect for AMMs (Automated Market Makers) today is not the SEC's "Innovation Exemption" text itself, but rather the accompanying opinion from Commissioner Hester Peirce. The opinion notes: "This order is not targeting decentralized finance. Truly decentralized systems driven by automated software do not trigger the core concerns of securities laws, such as 'entrusting an intermediary who may act foolishly, negligently, or be compromised.' Investors engaging in peer-to-peer transactions via permissionless smart contracts do not require exemptions." Hayden interprets this to mean that regular permissionless Uniswap is not included in this sandbox and does not need to apply for exemptions in the first place. The exemptions apply to the permissioned liquidity pools on Uniswap v4, which can be chosen when assets and users require a compliant pathway. He believes that the permissioned Uniswap v4 pools are the new gateway for compliant trading in the U.S. [Original Link]