🔥Hot News Express: According to Odaily Planet Daily, Uniswap Labs responded to the Wells Notice issued by the US SEC in April, emphasizing the security, low cost, transparency of the Uniswap protocol, as well as its significant innovation to the market and benefits to consumers. 🔒

Uniswap Labs believes that the SEC should embrace open source technology and improve outdated business and financial systems rather than trying to make them disappear through litigation. 😎

The Uniswap protocol is an autonomous software that allows users to trade directly and securely without paying centralized intermediaries or relying on them to protect the security of their assets. 👏

Uniswap Labs firmly refutes the SEC's allegations, arguing that its legal arguments are untenable and have been rejected by the court. They expect the House of Representatives to pass a bill soon that will give the CFTC strong powers to cover digital asset transactions. 💪

Uniswap Labs said they will defend the right to use and distribute common code that challenges existing technologies, adapts and competes, and will continue to do what they do best: build. 🚀