Uniswap, a decentralized cryptocurrency exchange operating on the Ethereum blockchain, received a notice from the U.S. Securities and Exchange Commission (SEC) on Wednesday. The notice stated that the SEC may pursue enforcement action against the company. This news was shared by Uniswap in a blogpost.
The company did not disclose the reasons for the notice, but it is speculated that it could be related to the SEC’s efforts to regulate digital asset companies. This includes their ongoing lawsuits against companies like Coinbase, the second largest crypto exchange. In March, a judge ruled in favor of the SEC in a lawsuit against Coinbase for allegedly selling unregistered securities.
Uniswap believes that the SEC’s actions are politically motivated and that they are targeting even the most compliant companies in the blockchain industry. Despite this, the company plans to continue offering their current products and will also be releasing new ones.
In other business news, Bitcoin’s “halving” event is approaching, which has significant implications for the cryptocurrency market. Additionally, a recent survey found that Gen Z and millennials are just as likely to own crypto as they are to own real estate. Crypto exchange Binance is also looking for a new home due to its regulatory maturity, and 7-Eleven’s superstore division may be going public.
