The Uniswap Foundation has confirmed its intention to implement the Free Switch feature despite receiving a Wells notice from the SEC. This notice typically signals that enforcement actions are imminent. Uniswap's leadership, including CEO Hayden Adams, has expressed disappointment but remains resolute in their belief that their products are legal and beneficial. They view the SEC's actions as an abuse of power and are prepared to contest the claims. Uniswap maintains that most tokens on their platform are not securities and that the SEC lacks the authority to regulate them under current laws [[❞]](https://blog.uniswap.org/fighting-for-defi) [[❞]](https://blockworks.co/news/sec-issues-uniswap-wells-notice) [[❞]](https://cryptonews.com/news/uniswap-labs-hit-wells-notice-sec-vows-fight-back.htm).