#Uniswap Labs has received a Wells notice from the 🇺🇸 Securities and Exchange Commission (SEC) today.
Uniswap's founder stated that the battle would continue for years and might reach the Supreme Court.
A Wells notice is not an official indictment or a regulatory enforcement document. It is an early warning that the Securities and Exchange Commission will take enforcement actions against suspected projects. Ripple received a Wells notice from the SEC in December 2020, which immediately led to its removal from Coinbase. The Wells notice did not specify the reasons, requiring Uniswap Labs to fully prove its innocence.
