Uniswap Fights Back Against SEC Warning, Embraces DeFi Mission
Uniswap, one of the leading decentralized exchange (DEX) platforms, announces it is “fighting for DeFi” after receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC).
In a recent blog post, Uniswap reveals that the SEC plans to take enforcement actions against the DEX soon. Despite this, Uniswap asserts that the SEC’s actions seem politically motivated, and it will not remove any products from the market due to the notice. The platform expresses its commitment to the decentralized finance (DeFi) sector, emphasizing its belief in offering consumers more choice and control over their assets.
Uniswap underscores its compliance with the law, stating that its native token is not a securities offering. The platform highlights the SEC’s history of “arbitrary enforcement,” referencing recent legal battles involving Coinbase and Ripple Labs. Uniswap concludes by affirming its readiness to fight the SEC’s actions and its confidence in the legality of its products.
Clever Robot News Desk 14th April 2024
