The SEC issued a Wells Notice to Uniswap, and the founder of Uniswap said he would fight to the end

According to foreign media, Uniswap founder Hayden Adams said on social platforms, "Uniswap Labs received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) today. I am not surprised, but annoyed, Disappointed, and ready to fight back. I believe what we are offering is legal and that what we are doing is historically correct. But it is clear that instead of working hard to create clear and sensible rules for so long, the SEC has decided to focus on Attacking long-term builders like Uniswap and Coinbase. Meanwhile, bad actors like FTX get away with it.

When I originally set out to create Uniswap, the goal was not to reinvent finance. It was to radically decentralize , a fully automated on-chain market experiment. I don’t know if it will succeed or if anyone will use it. Today, the Uniswap protocol handles over $2 trillion in transaction volume. Many teams and developers forked us code or building on top of it. We build a new financial infrastructure that is transparent, fair, secure and accessible to power the entire industry. The Uniswap team also does all this from our offices in New York City, USA Work.

People often ask me why we stay in the United States, and my answer is simple: I believe blockchain is a very powerful technology. Just like the Internet, it is here to stay. So the need Someone is going to solve this problem, and it could be us. When you develop technology that improves people's lives, you don't have to hide.

SEC's Mission is 'Protect Investors, maintain fair, orderly and efficient markets, and promote capital formation'. This is a noble mission. I think Uniswap is doing a much better job than the SEC in this regard today.

Yes, I am disappointed that the SEC seems more concerned with protecting an opaque system than protecting consumers. We must fight against U.S. government agencies to protect our companies and our industry.

This fight will continue for days Years of fighting, possibly all the way to the Supreme Court, the future of fintech and our industry is at stake. If we stand together, we can win. I think freedom is worth fighting for. I think DeFi is worth fighting for, too. Of course, We will not cease operations.”

It is understood that the SEC’s Wells Notice is a formal notice that tells the recipient that the regulatory agency plans to take enforcement action against it.

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