Discussion

• @haydenzadams @haydenzadams on x

  Today @Uniswap Labs received a Wells notice from the SEC. I'm not surprised. Just annoyed, disappointed, and ready to fight. I am confident that the products we offer are legal and that our work is on the right side of history. But it's been clear for a while that rather than...

• @uniswap @uniswap on x

  Despite SEC rhetoric that “most” tokens are securities, the reality is that tokens are just a digital file format The vast majority of tokens traded on Uniswap are definitively not securities, just like most paper is not stock certificates They are stablecoins, community...

• @ryansadams Ryan Sξan Adams on x

  This is the big one folks. Massive escalation by the SEC and whitehouse. Uniswap is a poster child for crypto decentralization - instead of celebrating @haydenzadams as a generational entrepreneur they're taking him to court. A war on crypto is a war on the internet. [image]

• @ammori Marvin Ammori on x

  1/ Today's Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC It's another abuse of power - unsurprising from an SEC that: Last month, a federal judge ruled committed a “gross abuse of power” by lying in court about a crypto project

• @martinshkreli Martin Shkreli on x

  the person destroying @Uniswap and crypto: Chair, Subcommittee on Economic Policy. Member, Subcommittee on Financial Institutions & Consumer Protection. Member, Subcommittee on Securities, Insurance & Investment. keep voting Democrat, retards. they think you're criminals

• @iamdcinvestor @iamdcinvestor on x

  crypto has found its advocates (and its spine)

• @asvanevik Alex Svanevik on x

  Gary Gensler was asleep at the wheel with SBF, and is now going after ... Uniswap? This guy makes Jim Cramer look accurate.

• @richardheartwin Richard Heart on x

  When I tell you things, you should listen. The SEC is planning to sue Uniswap now. #Uniswap just received a Wells notice. “A Wells notice is a letter that the U.S. Securities and Exchange Commission (SEC) sends to people or firms at the conclusion of an SEC investigation that... …

• @uniswap @uniswap on x

  Tokens traded on secondary markets like Uniswap are not investment contracts And the Uniswap Protocol itself is a decentralized, autonomous set of smart contracts that run without any organization, individual, or entity behind them Not a securities exchange

• @poppunkonchain @poppunkonchain on x

  Uniswap's Chief Legal Officer is bald. This case is over before it even started. Congratulations on the win Uniswap. [image]

• @daancrypto @daancrypto on x

  Traders rushed to short $UNI after this news. Open Interest increased by ~15% due to these shorts. Usually these exit out at some point due to price not moving and/or starting to grind up. Especially as it's unlikely we'll hear anything about this news for a while. Tends to be...…

• @bantg @bantg on x

  you can kill uniswap-the-company, but you can't kill uniswap the protocol, and especially uniswap-the-idea. xy=k

• @functi0nzer0 Laurence on x

  Hilarious that the only ally that Gary Gensler has ever had in crypto just got sentenced to 25 years in prison

• @0x_charlemagne @0x_charlemagne on x

  People saying the SEC going after Uniswap is stupid don't get the point. It is akin to local businesses paying “respect” to the local gang by paying protection money. They are sending a message, get in line or get your knees stomped out.

• @koeppelmann Martin Köppelmann on x

  How much lifetime of humans will get wasted to deal with this stupid case that will produce no net good for anyone.

• @adamscochran Adam Cochran on x

  2/9 Uniswap Labs, is a software publisher. They publish open source code and an open source frontend. Unless this Wells Notice specifically relates to Uniswap X Routing (which even then is questionable) this is *absolutely* beyond the scope of the SEC.

• @campbelljaustin Austin Campbell on x

  Future @haydenzadams are already building in Dubai or Singapore, to be brutally honest. This is something the US gov't has truly dropped the ball on. The 2023-2024 cycle of crypto founders are already largely offshore. Now the US just has to pray we can fix this fast enough to...

• @adamscochran Adam Cochran on x

  Said it months ago and will say it again. Plenty of former SEC lawyers were credible hires. But that point has past. Those who remain engage in full on bad faith. The revolving door of cushy regulator jobs is done.

• @ryansadams Ryan Sξan Adams on x

  They're prosecuting Uniswap. What entrepreneur is going to build in the US after this. America just lost 10,000 founders and hundreds of billions in future economic value. Absolute self-own.

• @milesjennings Miles Jennings on x

  A few months ago, I laid out how I thought the SEC was going to go after DEXs next and why DEXs would ultimately win. 👇

• @erikvoorhees Erik Voorhees on x

  Honestly I'm not even sure there is a chilling effect anymore. More tokens exist today at higher market caps than during ICO boom. Crypto at all time highs. Defi flourishing. We're building orbital space stations while SEC sends mean letters through the post. @haydenzadams...

• @adamscochran Adam Cochran on x

  3/9 Further more, the SEC has had *YEARS* to provide guidance on these behaviors and chose not too. In fact, some of Uniswap's products are so old now, they are actually outside the statute of limitations for certain violations of the Act.

• @ammori Marvin Ammori on x

  7/ @Uniswap products comply with US law We welcome sensible regulations for crypto - and clear rule of law that we expect in the US - not arbitrary enforcement and continued abuse of power @Uniswap Labs is prepared to fight against this abuse And we're confident we'll win

• @danrobinson Dan Robinson on x

  Uniswap has been fighting for the core principles of crypto since they launched. To me, they stand for the idea that immutable peer-to-peer financial technology is not only possible, but inevitable. That it can win. It's unfortunate that the SEC is forcing them to take that...

• @awice Alex Wice on x

  What a joke. They can't hit one bad actor in a sea full of fraud, ponzis, etc., yet go after the cleanest on the list to entangle them in years of litigation.

• @jolieyang Jolie on x

  taking a break from @cryptothegame_ today for some v important news, @Uniswap received a wells notice from the SEC. we're here to stay, defi is here to stay, crypto is here to stay.

• @mattomattik @mattomattik on x

  Uniswap by themself aren't bad actor, but they allow bad actor to run, if i develop a website who allow to host drug selling activity, i am a bad actor ? [video]

• @prestonjbyrne Preston Byrne on x

  How industry should respond to the Uniswap Wells Notice: “First Amendment that shit, redesign how we make DeFi applications and get not most of the centralization out of the picture, but all of it.” https://prestonbyrne.com/...

• @jessepollak Jesse Pollak on x

  I stand with @Uniswap and builders fighting for freedom around the world. https://blog.uniswap.org/... [image]

• @alexkozak Alex Kozak on x

  Uniswap is a v interesting model, but I expect this will be challenging ... the district court's opinion against Coinbase's motion to dismiss was persuasive and it will probably get harder to make the case in higher courts that congress didn't intend for SEC to oversee it all...

• @derivatives_ape Derivatives Monke on x

  Am I the only one agreeing with the SEC here? Uniswap is turning a blind side to the entire shitshow happening on their protocol under the guise of “decentralisation”. A few simple things they could do and still be decentralised: - Disallow honeypot listings - Forced timer of...

• @mclader Mary-Catherine Lader on x

  Uniswap is an upgrade to the financial system, whether the SEC recognizes it or not. I bought my first bitcoin in 2011, started BlackRock's crypto efforts in 2015 and left TradFi in 2021 to go all in on DeFi as COO of Uniswap Labs. I did that because I believe onchain markets...

• @euler_mab Michael Bentley on x

  I'm thankful the UK is so far taking a more level-headed approach to figuring out how to regulate crypto than whatever the hell is happening in the US right now. They never seem to be that interested in routing out actual scams and fraud over there. What's that all about?

• @valkenburgh Peter Van Valkenburgh on x

  Re: uniswap and an anticipated SEC lawsuit. Exactly two years ago, when the SEC engaged in a rulemaking to expand the definition of exchange, we responded with a comment that ultimately analyzed whether the exchange act would be constitutional as applied to software devs... [imag…

• @usv @usv on x

  USV has been investing in the digital asset sector for over a decade. We believe that blockchain technology allows for the creation of open, transparent, and efficient marketplaces that deliver value to consumers and creators. USV also believes that most digital assets are not...

• @0xmarcb Marc Boiron on x

  When I met @haydenzadams back in the day, one thing that stood out immediately was his desire to build radically decentralized protocols that could change the way we approach finance. That gave birth to Uniswap. Uniswap has evolved over time but it has always stood out for its...

• @lucmatheson @lucmatheson on x

  Sad to see this. Having just had a front row seat to Coinbase 🇨🇦 being registered under a Securities Commission - seeing this is super disappointing. There are better ways that regulators can work with industries that are innovating and honestly - thankful to have Canadian...

• @functi0nzer0 Laurence on x

  You are once again reminded that you all have a moral duty to *never* hire any attorney currently working for the SEC crypto enforcement division after they try to move to the other side Their experience counts for nought, their credibility laughable, their knowledge void

• @functi0nzer0 Laurence on x

  “Let's go after the protocol with the biggest war chest in all of DeFi, an army of lawyers in their corner and proof of explicit decisions to play nicely with US regulators” It's just an insane thing to do It doesn't even send a message, we're literally all groaning/laughing

• @adamscochran Adam Cochran on x

  @ErikVoorhees @haydenzadams There is in the US though. Lots of talent and companies leaving the US or refusing to build there because of the uncertainty. Which goes directly against one of the parts of the SECs mandate in fostering capital formation within the US markets.

• @alice_comfy @alice_comfy on x

  Interesting case (SEC V Uniswap), they can reasonably argue both that $UNI is a security, and that Uniswap trades securities. What is a much trickier claim is the idea that Uniswap, Inc is reponsibile for / controls such trading. If uniswap (company) shuts down, in theory...

• @uniswap @uniswap on x

  We are confident that the products we offer are not just legal — they are transformative Empowering people across the world by enabling transparent, verifiable markets with fewer gatekeepers Enabling cheap, accessible, global economic participation

• @iamnomad @iamnomad on x

  @haydenzadams @Uniswap the SEC doesnt care if americans get rugged, they serve no purpose here. Therefore the SEC has to be forced to stop making selective legislation ruling through court ruling. In order to accomplish this, they need to take a few more public Ls... so no settle…

• @adamscochran Adam Cochran on x

  Warning: This graph is considered an illegal securities exchange by Gary Gensler. Any use of this graph, or the use of the formula “x * y = k” is punishable by 40 years in a black site gulag. [image]

• @viktorbunin Viktor Bunin on x

  Uniswap is literally the textbook definition of a perfect protocol. 100% permissionless, decentralized, and credibly neutral. No upgrade keys, no multisig, no shenanigans. Very limited governance. They will prevail in court and set precedent for the rest of the industry 🫡

• @iamdcinvestor @iamdcinvestor on x

  they don't want you permissionlessly trading assets which they claim have no fundamental value anyway smdh

• @matthewstoller Matt Stoller on x

  Multiple judges have deemed crypto assets are securities, one judge has said they are only sort of securities. The whole space is full of bullshit, bluster and lies.

• @jasonyanowitz Yano on x

  The SEC is pushing the best founders offshore. Hayden built Uniswap from Brooklyn. The US government is now telling future Haydens to go build in Dubai or Singapore. This has to change soon or we'll crush innovation for years.

• @katherineykwu Katherine Wu on x

  I first met @haydenzadams ~June 2018, when I was just a few months into being in crypto full-time, and he was still an engineer at Siemens. There was a small (but passionate!) community of builders in NYC at the time (most were in SF). I was also new enough to crypto back then...

• @_jikim Ji Kim on x

  The SEC's baseless regulation by enforcement approach unfortunately continues. The below reflects that the Commission fails to understand that the Uniswap Protocol, wallet, web app, etc do NOT meet the legal definitions of securities exchange or broker. Our industry is one that..…

• @uniswap @uniswap on x

  Today Uniswap Labs received a Wells notice from the SEC And we're ready to fight This is the latest political effort to target even the best actors in crypto like Uniswap and Coinbase All Uniswap products and the Uniswap Protocol are unaffected https://blog.uniswap.org/...

• @mdudas Mike Dudas on x

  Uniswap is good for the world. America needs this type of transcendental innovation.

• @iampaulgrewal @iampaulgrewal on x

  Sometimes you have to laugh or else you'll cry. Question: how can you square the @SECGov's claim that @Uniswap acts as a broker with the Court's ruling against the @SECGov just a handful of days ago? Answer: you can't. [image]

• @adamscochran Adam Cochran on x

  1/9 Unbelievable. Uniswap is 6 years old. For 6 years, the SEC has also failed to provide any guidance on the space, and now sends them a Wells Notice? Let's be really fucking clear on something here:

• @udiwertheimer Udi Wertheimer on x

  @haydenzadams @Uniswap your fight is our fight. SEC is wrong and we're going to win. meow

• @thevulturetrade @thevulturetrade on x

  @haydenzadams @Uniswap You better start selling tokens now while the market goes up to pay those lawyers.

• @fintechfrank Frank Chaparro on x

  SEC moves to sue Uniswap in bid to hobble fast-growing DeFi sector

• @jeffjohnroberts Jeff Roberts on x

  🚨 SEC prepares to sue @Uniswap. This is a major escalation in Gensler's campaign against crypto. Case will be critical to the future of DeFi. Hard to predict outcome but Uniswap has some good law on its side https://fortune.com/... [image]

• r/ethtrader r on reddit

  SEC moves to sue Uniswap in bid to hobble fast-growing DeFi sector