SEC Labels Liquidity Pool Tokens as Securities! 🦄 #Uniswap

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SEC Labels Liquidity Pool Tokens as Securities! 🦄 #UniswapLabs has responded to a Wells Notice from the Securities and Exchange Commission (SEC), stating that it does not qualify as an exchange and therefore cannot be regulated by the SEC. 👀 According to the company, the protocol is a passive technology and was not designed for trading securities. ✔️ The firm also revealed that the SEC, in its Wells Notice, labeled the #Uniswap’s wallet as an unregistered broker and the #liquidity pool tokens as securities. #pizzaday #BTC

SEC Labels Liquidity Pool Tokens as Securities!
🦄 #UniswapLabs  has responded to a Wells Notice from the Securities and Exchange Commission (SEC), stating that it does not qualify as an exchange and therefore cannot be regulated by the SEC.
👀 According to the company, the protocol is a passive technology and was not designed for trading securities.
✔️ The firm also revealed that the SEC, in its Wells Notice, labeled the #Uniswap’s  wallet as an unregistered broker and the #liquidity  pool tokens as securities.
#pizzaday #BTC 