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Uniswap Labs Denies Crypto Tokens Are Securities in SEC Response

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4 months ago

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Uniswap Laboratories, the creator of the largest decentralized trading platform on Ethereum, said that a potential enforcement action against it by the U.S. Securities and Exchange Commission has no merit because crypto tokens are not securities, but rather are simply a form of files such as PDF.

The New York-based startup on Tuesday disputed charges that it is operating an unregistered exchange and brokerage. The answer came later announced last month that the SEC’s Enforcement Division served Wells with a notice, notifying Uniswap Labs that it intends to recommend legal action against it.

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