Decentralized exchange giant Uniswap has responded to the SEC's Wells notice
Uniswap has accused the agency of attempting to significantly expand its jurisdiction so that it covers all digital value. According to Uniswap CEO Hayden Adams, the SEC wants to become"the world internet police."
The defendant insists that the underlying transactions on the protocol are not securities transactions, comparing Uniswap to Coinbase Wallet. In March, U.S. District Judge Katherine Failla ruled that the latter was not conducting brokerage activities.Furthermore, Uniswap claims that it does not solicit users to perform swaps on the protocol, adding that its general public statements do not amount to solicitation.
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