UniswapLabs pointed out in its official blog that the U.S. Securities and Exchange Commission generated the Uniswap protocol as an unregistered securities exchange controlled by UniswapLabs, the Uniswap interface belongs to an unregistered securities broker-dealer, and the UNI token is an investment contract. In fact, the UNI token is a file format (fileformat), similar to PDF, and the protocol is a general computer program that anyone can use and integrate, just like TCP/IP. In the early days of the protocol, hundreds of thousands of users who received UNI tokens for participation received tokens for free, without contracts, and without the expectation of profiting from UniswapLabs' efforts. $UNI #UNI📈