Decentralized cryptocurrency exchange Uniswap announced on Wednesday that it has received a notice from the U.S. Securities and Exchange Commission (SEC) that it may take enforcement action against the company. The company said in a blog post:.
Uniswap is Leading Decentralized Cryptocurrency Marketplace. The New York-based company operates a peer-to-peer platform for users who want to conduct transactions entirely on the blockchain.
The company did not say why it issued the Wells notice. The regulator will notify the respondent of certain charges. However, the move could be linked to authorities' efforts to crack down on companies that use digital assets, such as Coinbase. 2nd largest cryptocurrency exchange.
The feud between the SEC and Coinbase is a prime example. In late March, the judge A judgment was rendered in favor of the agency. in lawsuit it brought opposition coinbase In it, the SEC alleged that the cryptocurrency exchange was engaged in the sale of unregistered securities.
“Given the SEC’s ongoing litigation against Coinbase and others, and its utter reluctance to provide clarity or a path to registration for companies operating legally in the United States, this We can only conclude that this is the latest political effort to target even the best companies' actors building technology on top of blockchain,'' Uniswap said in a blog post.
In the meantime, the company said its entire current product suite will remain available. In addition, we will continue to ship new products one after another.
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