Ammori said that he believes that Uniswap does not meet the SEC’s current definition of an exchange. He also pointed to a recent ruling in the SEC's case against Coinbase – in which a judge said that Coinbase Wallet was not a broker – as a good sign for Uniswap's ability to beat the SEC on the same charges (the judge ruled that the SEC's other allegations against Coinbase could move forward).

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Ammori said that he believes that Uniswap does not meet the SEC’s current definition of an exchange. He also pointed to a recent ruling in the SEC's case against Coinbase – in which a judge said that Coinbase Wallet was not a broker – as a good sign for Uniswap's ability to beat the SEC on the same charges (the judge ruled that the SEC's other allegations against Coinbase could move forward).

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DeFi Exchange Uniswap Receives Enforcement Notice from the SEC

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https://www.coindesk.com/policy/2024/04/10/defi-exchange-uniswap-receives-enforcement-notice-from-the-sec/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Marvin Ammori, Chief Legal Officer of Uniswap Labs, asserts that neither the Uniswap Protocol, its web app, nor its wallet align with the regulatory definitions of a securities exchange or broker.

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