Uniswap’s token is at its lowest point since late February after receiving an SEC Wells notice, which the DeFi protocol said it would fight.
Uniswap Labs founder Hayden Adams said its “ready to fight” after disclosing it received a notice of possible enforcement action from the SEC.), the token for the decentralized exchange of the same name, sunk to a six-week low after Uniswap said it received a proposed lawsuit notice from United States regulators — which it is “ready to fight.”
An SEC spokesperson told Cointelegraph it doesn’t comment on “the existence or nonexistence of a possible investigation.”on X clarifying that SEC staff have to first get the lawsuit approved by the agency’s five commissioners — inclusive of chair Former SEC internet enforcement chief John Reed Stark wrote on X a Wells notice gives the recipient an opportunity to argue why the commissioners should decline a recommended lawsuit.
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