There exists code that functionally cannot be deactivated, disabled, or removed on the blockchain (Uniswap is a good exmaple, no admin keys). Let's say the SEC

There exists code that functionally cannot be deactivated, disabled, or removed on the blockchain (Uniswap is a good exmaple, no admin keys). Let's say the SEC prosecutes Uniswap Labs for running a securities exchange. What they cannot do, and what no one can do, is shut down the underlying code behind Uniswap.