Uniswap Labs, the creator of the largest decentralized exchange on Ethereum, has announced that the US SEC intends to file a case against the company.
Uniswap responded to the notice from the SEC by saying they are «ready to fight».
This is the latest political attempt, targeting even top cryptocurrency players like Uniswap and Coinbase.
All Uniswap products and the Uniswap protocol are unaffected.
Despite the SEC's claims that «most» tokens are securities, the reality is that tokens are just a digital file format.
Tokens traded on secondary markets like Uniswap aren't investment contracts.
And the Uniswap protocol itself is a decentralized, autonomous set of smart contracts that operate without any organization, individual or entity behind them.
Uniswap founder Hayden Adams said he isn't surprised by the notice from the SEC, but is «annoyed, disappointed and ready for a fight».
