🤓 SEC called liquidity pool tokens securities

Uniswap Labs responded to the Wells Notice from the Securities and Exchange Commission (SEC) and stated that it does not fall within the definition of 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 securities trading.

The firm also reported that in the Wells Notice, the SEC described the Uniswap wallet as an unregistered broker and the liquidity pool tokens as securities.$UNI