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  • Blockchain Timeline

SEC warns Uniswap of potential lawsuit

Hayden Adams, founder of Uniswap said on that the protocol received a Wells notice from the SEC stating that Uniswap is potentially acting as an unregistered securities broker and unregistered securities exchange.

Wells notices give firms the option to respond in writing and explain to the SEC why it shouldn't proceed with a lawsuit. Uniswap was facing an SEC investigation is 2021 in which they claimed responsibility only for developing of the front-end of the app. The protocol functions through autonomous code released for public use. sources: WSJ, Cointelegraph


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