The U.S. Securities and Exchange Commission told Uniswap it intends to pursue an enforcement action.  (Jesse Hamilton/CoinDesk)

DeFi Exchange Uniswap Receives Enforcement Notice from the SEC

Summary

Uniswap received a Wells notice from the SEC, causing a 9.5% drop in its native token. CEO Hayden Adams expressed readiness to fight the charges, criticizing the SEC for targeting good actors. Uniswap denies its tokens are securities and argues that the SEC lacks authority over crypto markets. Regulatory uncertainty in the crypto industry persists.