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DeepNewz, mobile.
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Uniswap, a key DeFi platform, has received a Wells notice from the SEC, signifying a potential landmark legal challenge. The crypto community has rallied in support, drawing parallels to the SEC's previous defeats against Grayscale, Ripple, and Coinbase, and emphasizing the significance of this case for the DeFi ecosystem and the broader principle of decentralized trading. Critics of the SEC's action, including references to Gary Gensler's mistake, underscore the importance of this moment for the ETH narrative and the constitutional debate over software development. Uniswap's supporters highlight its role as a credibly neutral and revolutionary alternative to traditional finance, underscoring the clash between innovation and regulation.
Uniswap is literally the textbook definition of a perfect protocol. 100% permissionless, decentralized, and credibly neutral. No upgrade keys, no multisig, no shenanigans. Very limited governance. They will prevail in court and set precedent for the rest of the industry 🫡
They went after Uniswap. Lmao. This is so hilarious nothing else needs to be said. I’m glad Uniswap have the money and resources to fight this. We should all wish them good luck.
The SEC really wants to keep up the losing streak, huh You’ve got this @Uniswap 🦄
