This time Uniswap went under the scrutiny of the United States Securities and Exchange Commission
Sources close to Uniswap told Fortune that the company is preparing for a legal battle in court to confirm its legitimacy.
The US Securities and Exchange Commission recently initiated legal action against UniSwap (UNI) in an effort to prevent the rapid expansion of the DeFi sector.
The SEC has served a Welsh notice on Uniswap, a leading platform in decentralized finance (DeFi),
informing them of its intention to initiate legal action.
In light of recent lawsuits against other cryptocurrency companies such as Coinbase, the SEC may allege that Uniswap Labs is offering unregistered securities to the public or operating as a broker or exchange without registration.
Sources close to Uniswap told Fortune that the company is preparing for a legal battle in court to confirm its legitimacy.
