Uniswap Labs received a notice from the SEC in April accusing the Uniswap protocol of being an unregistered securities exchange and interface/wallet as unregistered securities brokers.

Uniswap Labs responded by arguing that the protocol doesn't meet the SEC's definition of an exchange and that most trading volume involves non-securities like ETH, BTC, and stablecoins.

The company is asking the SEC to drop a lawsuit that was planned, claiming it's not worth the fight.

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