The SEC Plans to Sue Uniswap
The U.S. SEC issued a Wells Notice to Uniswap Labs, signalling intent to sue over the decentralized exchange. The SEC, under Gary Gensler, treats tokens as securities, despite past legal challenges. This is part of the SEC's pattern of targeting DeFi projects. Uniswap is prepared to contest this, backed by strong support. This conflict could lead to a significant legal showdown in the crypto industry.
