Today it was learned that the United States Securities and Exchange Commission (SEC) had its eye on #Uniswap , sending him a Wells notice. This new story is a hard blow to the crypto sector, which brings to light that the rules are not yet clear and defined. This movement occurs in the midst of a broader regulatory repression directed at the sector #DeFi What do we know so far about this new event? Let's explore.
Haydenz Adams, founder of the Uniswap protocol, said via X that Uniswap Labs had received a warning from federal regulators, which could translate into a future lawsuit. Given this, Haydenz seemed upset, disappointed and "ready to fight."
This warning was through a "Wells notice," which is a formal notification that the #SEC intends to file charges against a defendant. These preliminary warnings inform the charges that the regulator is considering bringing against them.
It is worth mentioning that this is not the SEC's first legal battle against the crypto sector, as it previously faced Coinbase and #Ripple .
The SEC, led by Gary Gensler, has always had the crypto sector in its sights, and even more so, this new measure is aimed at the DeFi (Decentralized Finance) sector, a sector with exponential growth in recent years.
But what are the charges brought by the SEC?
It is unknown what these charges are presented by the SEC, however, past data would indicate that the majority of charges sent to companies in the crypto sector are due to the offer of unregistered securities or non-compliance with some regulations.
On the other hand, after learning about the Wells notification, the Uniswap protocol token (UNI) quickly suffered a price impact, causing the price to retreat due to the level of uncertainty generated. The #UNI token had a drop of more than -10% within a few hours.
Without a doubt, this is the beginning of a fact that could set a precedent for the DeFi sector. For some time now, it was seen that the SEC was going to target large companies in the crypto sector, and the regulations were going to be tougher. After the FTX incident, the SEC began to act drastically against the crypto sector, since somehow it could not prevent this tragedy that affected many investors. On the one hand, it is good to "protect investors", but I also believe that solutions should be proposed and not directly present legal actions, and not lose sight of the technological development that is taking place.
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