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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

Uniswap, a leading decentralized cryptocurrency exchange (DEX), has found itself in the crosshairs of the U.S. Securities and Exchange Commission (SEC) after receiving an enforcement notice on April 10, 2024. This development has sent shockwaves through the DeFi (Decentralized Finance) industry, raising questions about the future of regulation in this rapidly evolving space.

On 10 April 2024, Uniswap Labs announced its receipt of a Wells notice from the U.S. Securities and Exchange Commission (SEC), a preliminary step before potential legal action. A Wells notice is a formal notification issued by the staff of a regulatory body, such as the U.S.

Uniswap, the leading decentralized exchange (DEX) platform, experienced a significant drop in the price.

The crypto industry is rallying behind Uniswap, a leading decentralized exchange (DEX), after the US Securities and Exchange Commission (SEC) issued the platform a Wells notice.

Uniswap Labs, the creator of Uniswap decentralized exchange (DEX), received a Wells notice from the SEC, signaling potential legal action. UNI fell 10% from $11.21 to $10 after Uniswap disclosed receiving a Wells notice from the SEC. It's now trading at $9.66, the lowest since late February.

Uniswap's native cryptocurrency UNI has taken a major price hit tanking by a staggering 15% within hours of receiving the Wells Notice from the U.S. SEC on Wednesday, April 10. As of press time, the Uniswap (UNI) price is trading 15.39% down at $9.42 with a market cap of $5.6 billion.

Brian Armstrong, CEO of Coinbase (CRYPTO: COIN), has publicly stood up for cryptocurrency and Uniswap in the face of growing regulatory scrutiny from the SEC. What Happened: Armstrong expressed his position on social media platform X on Tuesday.

Uniswap Labs founder Hayden Adams said its “ready to fight” after disclosing it received a notice of possible enforcement action from the SEC.