SEC Sends Wells Notice to Uniswap, Threatening Legal Action

Decentralized exchange Uniswap received a Wells notice from the SEC, signaling a potential enforcement action for acting as an unregistered securities broker and exchange. Uniswap's CEO expressed readiness to fight the charges, while the company argued that tokens it offers are not intrinsically securities. The SEC's move is seen as part of a broader effort to regulate the crypto industry, with Uniswap highlighting the lack of clear regulatory framework and ongoing congressional deadlock.