Summary
- The SEC investigated Uniswap Labs for 3 years, but all allegations were dismissed.
- Uniswap's founder emphasized that Uniswap Labs is neither an unregistered broker nor an exchange.
- He stated that the investigation was part of a strategy to regulate decentralized finance and resulted in significant waste of time and resources.
Amid the Securities and Exchange Commission (SEC)'s abrupt termination of its investigation into Uniswap (UNI) Labs, the founder of Uniswap shared his thoughts on the three-year investigation.
On the 25th (local time), Hayden Adams, founder of Uniswap, announced via X (Twitter) that "The SEC alleged that Uniswap Labs operated as an unregistered broker, exchange, and clearing agency, and issued unregistered securities, but these claims have now been dismissed."
Adams further emphasized, "Uniswap Labs is not a broker. Uniswap is neither an unregistered exchange nor a clearing agency, and the Uniswap token is not a security."
He also criticized the SEC, stating "The SEC investigated us without clear legal grounds. This was part of their strategy to forcefully fit decentralized finance (DeFi) into their regulatory framework." He pointed out that "This SEC investigation caused a tremendous waste of time and millions of dollars. The investigation was so stressful that people say the investigation itself was the punishment."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
