According to a report just announced by Fortune, the U.S. Securities and Exchange Commission (SEC) has informed the leading decentralized exchange Uniswap about an upcoming enforcement action. Here are the latest claims on behalf of the popular cryptocurrency network!
SEC Sues Uniswap!
Uniswap CEO Hayden Adams confirmed the reports about the cryptocurrency network on social media. The renowned CEO Adams expressed his disappointment but claimed readiness to fight legally. Uniswap CEO said the following in his statements:
However, it has been clear for some time that the SEC has decided to focus on attacking long-standing good actors like Uniswap and Coinbase, instead of creating clear and informed rules. Moreover, while allowing bad players like FTX to come and go. It disappoints me that the SEC seems more interested in protecting opaque systems than protecting consumers. We will have to fight with a U.S. government agency to protect our company and our industry.
Statement from Uniswap CEO!
Hayden Adams also added to his statements that decentralized finance (DeFi) is “worth fighting for.” Currently, the SEC is legally battling against a large number of major players in the cryptocurrency space. In March of the past year, the regulator succeeded against the United States’ largest cryptocurrency exchange Coinbase, and the court denied the company’s request to dismiss the case filed against it.
