SEC Labels Liquidity Pool Tokens as Securities!
đŠ #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.
đ According to the company, the protocol is a passive technology and was not designed for trading securities.
âïž The firm also revealed that the SEC, in its Wells Notice, labeled the #Uniswapâs wallet as an unregistered broker and the #liquidity pool tokens as securities.
