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The SEC is delving into decentralized finance in a predictable move as it gears up to sue one of the largest DeFi exchanges.

Uniswap's native token UNI slid almost 20% in the past 24 hours amid news that the decentralized crypto exchange received a notice from the U.S. SEC that it intends to pursue an enforcement action. CoinDesk's Jennifer Sanasie presents "Chart of the Day.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Steven Lubka, managing director of Swan Private Client Services, discusses spot bitcoin ETF adoption as well as how inflation and interest rate expectations are impacting crypto markets.

One of the biggest decentralized exchange (DEX) platforms says it is “fighting for DeFi” after receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC).

The Securities and Exchange Commission is gearing up for legal action against Uniswap, drawing criticism for yet another hostile regulatory move.

Uniswap Labs lawsuit talk is in the news Thursday as the cryptocurrency exchange announced it has received a Wells notice from the SEC

In a recent development that has raised concerns for the sector of decentralized finance (DeFi), circulating reports indicate that the SEC has issued a Wells notice to Uniswap, the top exchange for decentralized trading platform.

Yesterday, Uniswap, the world's largest decentralized exchange platform, announced through its blog that the U.S. Securities and Exchange Commission served them with a Wells notice indicating a possible lawsuit. This not-so-shocking news comes when the SEC is still in wrangles with Coinbase, the US's largest centralized exchange, and Ripple, among other crypto and blockchain companies.

Gary's gonna sue Uniswap was served a Wells notice — a letter from the Securities and Exchange Commission that precedes a formal enforcement action.

Trading activity on the Uniswap decentralized exchange dipped by almost 10% the past day after the US Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs, the entity behind it. Data from DeFillama shows that Uniswap's facilitated trades worth $2.7 billion across several blockchain networks, including Ethereum, Arbitrum, Coinbase-backed Base, and others.

Uniswap has maintained that the UNI token is not a security and added that it does not meet the legal definition of any type of security.

Referencing the recent dismissal of the SEC claim against the Coinbase Wallet, Paul Grewal reiterated that the SEC can't claim Uniswap is a broker.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Binance, the leading cryptocurrency exchange globally, has recently announced the removal of several cryptocurrency trading pairs from its Binance Spot platform.

Uniswap‘s token UNI has dropped 17% following a lawsuit notice from US regulators sinking to $9.27, its lowest since late February. The latest decline coincided with the exchange receiving an official investigation Wells notice from the SEC.

TL;DR Uniswap Notice: Uniswap, a decentralized crypto exchange, has been served a Wells notice by the SEC, hinting at possible enforcement action for alleged unregistered securities offerings.

Uniswap, a decentralized exchange, is going to be subjected to the U.S. Securities and Exchange Commission (SEC) inquiry, as they have recently received a Wells notice from the SEC.

The U.S. Securities and Exchange Commission (SEC) intensifies its oversight of the cryptocurrency industry by issuing a Wells Notice to Uniswap Labs, the entity behind the worlds largest decentralized exchange (DEX), on April 10. Amid regulatory escalations, Uniswap Labs vows to defend its operations, asserting the legality of its platform and the non-security status of traded assets, including its native UNI token.

The price of UNI is down -16% in the last 24 hours.

Uniswap's native token has dropped the most in the past 24 hours.

The US Securities and Exchange Commission (SEC) has served a Wells Notice to Uniswap, a leading decentralized exchange (DEX). This pre-enforcement notice, a precursor to potential legal action, triggered a plunge in Uniswap's native token, UNI.

This notice is a formal indication that the SEC is contemplating taking legal action against Uniswap. This development occurs during a wider regulatory crackdown on the cryptocurrency sector.

The SEC believes that UNI should be considered a security under U.S. law, and that Uniswap meets the definitions of a securities exchange or broker.

The SEC has warned Uniswap of its intention to bring an enforcement action against the leading DeFi platform, causing a sharp drop in the value of its native token, UNI, and sparking a vow from the company's founder to fight the charges