DeFi

After the SEC’s ‘War on DeFi’ Begins, UNI and Others Struggle to Recover

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8 months ago

on

May 17, 2024 3:29 p.m. | 29 seconds of reading

It has now been over a month since it was revealed that Uniswap Labs (CRYPTO: United) had received a Wells notice, indicating that the United States Securities and Exchange Commission intended to file charges against the developers of the largest decentralized exchange. Many people have considered this to be the true start of the “war on DeFi,” as it is the first case filed against a major DeFi platform. While it’s no secret the SEC has an unfavorable view of crypto, its previous high-profile targets have typically been centralized entities.

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