🚨Big news! Cryptocurrency exchange Uniswap may be in big trouble! 📉
Uniswap, the decentralized finance (DeFi) exchange that everyone may have heard of, recently received a warning letter from the U.S. Securities and Exchange Commission (SEC). This is no small matter. The SEC is conducting a major rectification of cryptocurrencies!
The boss of the SEC, Gary Gensler, said that most digital assets actually have to be regulated in accordance with existing financial laws. This is like putting a tight ring on cryptocurrencies.
But Uniswap CEO, Hayden Adams, is not convinced. He stood up and said that Uniswap's products are all legal and very powerful, and can bring a lot of changes. It's like two people arguing, one says your things are illegal, and the other insists that their things are fine.
Because of this news, the price of Uniswap's UNI token fell a lot at once, more than 9%! It's like you bought something and suddenly it becomes worthless, which makes people feel bad.
So, as a newcomer to the cryptocurrency circle, what do you think about this? Do you think Uniswap will be in trouble? Will this affect other cryptocurrencies? Come and tell us what you think! 🤔 Welcome to discuss below! 👇
