Like Binance or Coinbase, Uniswap Labs could pay the price of legal action initiated by the Securities and Exchange Commission (SEC). This is at least what we should remember from a warning sent by the regulator to the crypto company without us really knowing the reason. The Uniswap community has not remained indifferent to this somewhat worrying development.
An unmotivated warning from the SEC against the crypto firm
Recent reports indicate that the SEC has issued a warning to Uniswap Labs, one of the largest crypto firms on the market. The company is warned that law enforcement action is intended against it.
The specific reasons for SEC warning against Uniswap are not yet clear. However, analysts suspect the links of this approach with the notorious plan of the SEC to impose its regulations on cryptos.
As a reminder, the regulator has been leading an initiative for several months aimed at extending securities regulations to crypto companies. Coinbase, one of the largest exchanges on the market, paid the price.
At the heart of these lawsuits is the underlying question of whether cryptos should be treated as investment contracts like traditional stocks and bonds are. A question whose answer is affirmative according to the SEC. Therefore, it considers itself legitimate to impose regulations while crypto firms are demanding more normative clarity.
The crypto community's frustration over regulation
In its blog post, Uniswap expressed frustration with the lack of clarity from the SEC regarding the regulatory framework for crypto-related activities. And the company's opinion is only an echo of the position that crypto firms have been making for months. Moreover, there is a bit of panic among some users who now fear a trial that could last for years. The crypto firm Ripple is an example of what an SEC attack costs in terms of duration in particular.
While Uniswap announced that it would fight against the SEC, users say they are ready to support the platform in this battle initiated by the SEC. Their weapon, “wait for that [la valorisation, Ndlr] falls again to gorge on cheap UNI »explains the user @Snkmt_Hdl on X.
On this platform, opinions are divided between fears, anger and disgust at a relentlessness which, according to them, borders on ridicule. But beyond the emotions aroused by this umpteenth attack targeting a crypto firm, a rather interesting idea has emerged.
The user @Thomas__Loyer sees in this relentlessness of the SEC against crypto firms, the execution of a plan aimed at giving pride of place to Coinbase by ousting the competition. “I actually think the SEC is clearing the way for Coinbase. They purged the USA of all centralized competitors, now they're going after decentralized competition.”, did he declare. In this case, would the SEC's attack on Coinbase just be a diversion?
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