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The U.S. Securities and Exchange Commission (SEC) issued a notice to Uniswap, a decentralized crypto exchange (DEX), on April 10, 2024. This notice, called a Wells notice, informs Uniswap that the SEC intends to pursue an enforcement action against them.

Here's a breakdown of the situation:

Reason for the notice: The SEC alleges that Uniswap operates as an unregistered securities broker and exchange. This means the SEC believes Uniswap should be registered with them if they're facilitating trades of securities.
Uniswap's response: Uniswap denies the allegations. They argue that their platform is decentralized and doesn't act as an intermediary in trades. They also claim the tokens traded aren't necessarily securities.
Impact: The news caused Uniswap's token price (UNI) to drop. This whole situation highlights the ongoing regulatory uncertainty surrounding cryptocurrency.
Here are some resources for further reading:

"[Coindesk Uniswap SEC]"(https://www.binance.com/en/square/pos...)
"[Axios Uniswap SEC]"(https://fortune.com/crypto/2023/09/01...)

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Not financial advice, do your own research
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