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Uniswap Unleashes Frenzied Dance of Regulatory Dodgeball, Because Who Needs Rules When You’ve Got Code

An illustration depicting a chaotic dance scene with various figures dodging and weaving around each other while attempting to avoid being hit by balls labeled as 'Regulations'. In the background, a large Uniswap logo is emblazoned on a banner. The dancers are shown in different stages of movement, some leaping over incoming balls, others ducking behind shields or using their bodies to deflect them. A few figures can be seen holding UNI tokens and governance symbols as they dodge through the dance floor chaos.

The endless saga of Uniswap trying to outsmart regulators continues! Like a bad penny, this decentralized finance (defi) darling keeps turning up with its claims about being “autonomous” and outside the SEC’s jurisdiction. Newsflash: just because you’re on a blockchain doesn’t mean you’re above the law

Source: bitcoin.com

Uniswap Labs has responded to the U.S. Securities and Exchange Commission’s Wells Notice, asserting that its protocol does not fall under the agency’s regulatory jurisdiction. The response emphasizes the autonomous nature of Uniswap’s decentralized finance (defi) technology and argues against the classification of its activities as operating an exchange or broker. Uniswap Labs, a software company based in New York, has issued a comprehensive response to the Wells Notice received […]

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