Marvin

United

Uniswap

Reported by Cointelegraph, the United States Securities and Exchange Commission (SEC) has issued a Wells notice to the decentralized exchange Uniswap.
On X (formerly Twitter), Uniswap’s chief legal officer Marvin Ammori confirmed the regulator’s notice on April 10. “Today’s Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC,” Ammori <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/ammori/status/1778128325996675577">wrote</a>, arguing that:
“If the SEC had authority over our self-custodial, non-intermediated products, it could tell us how to register them. It can't and so it doesn't. It has provided no clarity and no guidance – as several SEC commissioners have stated in multiple dissents.”
A Wells notice is a formal notification issued by the SEC to inform a company or individual that the regulator’s staff intends to recommend enforcement action against them. This notice gives the recipient an opportunity to provide a written explanation or argument (a “Wells submission”) as to why such action should not be taken.
The SEC has been investigating Uniswap Labs, Uniswap’s main developer, since 2021. The DEX has previously delisted several tokens from its platform, citing growing regulatory pressure.

The U.S. SEC Issued a Wells Notice to Uniswap

TokenInsight

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