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.

On Wednesday, April 10, 2024, Uniswap Labs, responsible for the Ethereum decentralized exchange (DEX), disclosed receiving a Wells notice from the United States Securities and Exchange Commission (SEC). This notice forewarns of a forthcoming lawsuit concerning securities allegations.