In its official statement released yesterday, Uniswap Labs, the developer of Uniswap, responded to the actions taken by the U.S. Securities and Exchange Commission (SEC) in issuing a Wells notice. The statement criticized the SEC for its erroneous and weak legal position, which was seen as an improper attempt to expand its authority over the cryptocurrency industry. Uniswap Labs also expressed its determination to fight for the DeFi sector, including resorting to legal means if necessary.
Uniswap Labs Responds to Wells Notice: SEC's Weak Arguments to Eventually Lose Lawsuit, Ready to Fight for DeFi