The US Securities and Exchange Commission on Wednesday sent a Wells notice, which typically precedes an enforcement action, to decentralized finance platform Uniswap, CEO Hayden Adams said.

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.