$UNI Reason for this morning’s sharp drop
The SEC’s core concern is that U.S. regulators have never made it entirely clear whether UNI is simply a protocol governance token or an investment contract (security) under U.S. securities law. If it is later deemed a security, Uniswap, exchanges, and related transactions would all have to undergo securities registration again, causing a major disruption.
The SEC’s core concern is that U.S. regulators have never made it entirely clear whether UNI is simply a protocol governance token or an investment contract (security) under U.S. securities law. If it is later deemed a security, Uniswap, exchanges, and related transactions would all have to undergo securities registration again, causing a major disruption.
