Uniswap Labs argues that the protocol fully complies with US law and that the decentralized exchange does not fall under the “securities exchange” or “broker” definition. It notes that over 90% of trading volume is on commodities pairs, stablecoins, or out of the country, expanding beyond the SEC's jurisdiction. Lawyers for the Ripple and Grayscale cases are providing outside counsel, and Uniswap is confident it will win if forced to litigate.
Wednesday, May 22, 2024