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SEC Issues Formal Enforcement Action Against Uniswap

The U.S. Securities and Exchange Commission has sent a Wells notice to Uniswap, signaling a major legal battle over the operation of its decentralized finance platform.

  • Uniswap received a Wells notice from the SEC, indicating impending enforcement actions.
  • The SEC's allegations may focus on Uniswap operating as an unregistered exchange and brokerage.
  • Uniswap CEO Hayden Adams expressed readiness to contest the SEC's charges, potentially up to the Supreme Court.
  • The legal challenges for Uniswap reflect a broader regulatory scrutiny on the crypto industry, particularly decentralized finance (DeFi) platforms.
  • Market reactions saw Uniswap's native token, UNI, drop significantly in value following the announcement.
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