#UniswapLaunch #Memecoins #Write2Profit Uniswap Labs, the Brooklyn -based outfit primarily responsible for developing the protocol of the same name, reportedly received a Wells Notice indicating the U.S. Securities and Exchange Commission intends to sue. While the decentralized finance (DeFi) behemoth said it is"ready to fight" the SEC, indicating a willingness to go to court, the move does represent the latest front in the SEC's years long battle with the crypto industry. $PEPE
In fact, the reason the industry is so familiar with the terms "Wells Notice" is because Coinbase received📩 one in the months before the SEC's anti crypto legal barrage. "Taking into account the SEC's ongoing lawsuits against Coinbase and others as well as their complete unwillingness to provide clarity or a path 👣to registration to those operating lawfully within the US, we can only conclude that this is the latest political effort to target even the best actors building🏢 technology on blockchains, ".Uniswap said on a blog announcing the Wells Notice. $ETH
" The Sec is very imaginative in the ways that you can be violating their rules, "Bill Hughes, senior counsel and director of global🌎 regulatory matters at Consensy. Part of the issue, conceivably, is that Uniswap Lab runs the biggest portal onto the Uniswao protocol via uniswap.org.Another potential concern is the UNI governance token, launched to give users some control over protocol governance but could be twisted to look like a securities offering.
$UNI Hughes doesn't the SEC will pursue cases against Uniswap token holders or users. "If you are one of those and a little freaked out, take a breath and calm down"he said on X. " If they were also going to sue YOU, then you'd be getting an email from the SEC asking to talk to you on the phone📱. You aren't going to be getting one of those so relax"💆😎😙.
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