DeFi Exchange Uniswap Receives Enforcement Notice From the SEC

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DeFi Exchange Uniswap Receives Enforcement Notice From the SEC

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SEC did not comment on the existence or nonexistence of a possible investigation of DeFi exchange Uniswap for it acting as an unregistered securities broker and unregistered securities exchange

It remains unclear whether Uniswap’s native token, UNI, was implicated as a potential security in the SEC’s enforcements notice to Uniswap for it acting as an unregistered securities broker and unregistered securities exchange

DeFi Exchange Uniswap claimed to fight SEC charges for acting as an unregistered securities broker and unregistered securities exchange

DeFi Exchange Uniswap received Notification from SEC (so called Wells notice) that it intends to pursue an enforcement action against Uniswap for acting as an unregistered securities broker and unregistered securities exchange

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04

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10

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2024

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12

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In a press conference on Wednesday afternoon, Uniswap’s COO Mary-Catherine Lader and Chief Legal Officer Marvin Ammori told reporters that the content of the Wells notice was focused on Uniswap acting as an unregistered securities broker and unregistered securities exchange.

Uniswap CEO Hayden Adams announced the receipt of the so-called Wells notice on X, saying he wasn’t surprised, “just annoyed, disappointed, and ready to fight.”

Adams said that Uniswap will fight the charges.

Wells notices are preliminary warnings that inform respondents of the charges the regulator is considering bringing against them. They usually lead to enforcement actions.

It remains unclear whether Uniswap’s native token, UNI, was implicated as a potential security in the SEC’s notice.

Decentralized crypto exchange Uniswap received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday

An SEC spokesman said the agency "does not comment on the existence or nonexistence of a possible investigation."

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DeFi Exchange Uniswap Receives Enforcement Notice From the SEC for Operating as Unregistered Securities Broker and Unregistered Securities Exchange

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DeFi Exchange Uniswap Receives Enforcement Notice From the SEC for Operating as Unregistered Securities Broker and Unregistered Securities Exchange

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https://www.coindesk.com/policy/2024/04/10/defi-exchange-uniswap-receives-enforcement-notice-from-the-sec

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Adams said that Uniswap will fight the charges.

Crypto

An SEC spokesman said the agency "does not comment on the existence or nonexistence of a possible investigation."

Crypto

It remains unclear whether Uniswap’s native token, UNI, was implicated as a potential security in the SEC’s notice.

Crypto