🦄Uniswap responds to SEC Wells notice🚨
DeFi platform Uniswap Labs in a 43-page submission to the SEC made its case as to why the regulator should not take legal action against them. Uniswap in its response stated that it is not an exchange and emphasized that the SEC lacks the authority to regulate bitcoin, ether, or stablecoins, which are the primary assets traded on the Uniswap protocol.