🔥Hot news! Hayden Adams, founder of Uniswap, said that Uniswap Labs received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) today. Although he was not surprised by this, he was annoyed and disappointed and was ready to fight back. Adams firmly believes that the products they provide are legal and their work is correct from a historical perspective. 😤

However, he pointed out that the SEC did not work hard to formulate clear and sensible rules, but instead decided to focus on attacking long-term builders such as Uniswap and Coinbase, while bad actors such as FTX are at large. 😡

Adams said that the goal of Uniswap is not to reshape finance, but to be a completely decentralized and fully automated on-chain market experiment. Today, the Uniswap protocol has processed more than $2 trillion in transactions and built a new financial infrastructure that is transparent, fair, secure and accessible, powering the entire industry. 🚀

He firmly believes that blockchain is a very powerful technology, and like the Internet, it will continue to exist. He believes that Uniswap is doing a much better job than the SEC today in protecting investors, maintaining fair, orderly and efficient markets, and promoting capital formation. He said they must fight against US government agencies to protect their companies and industries. This fight will last for years and may go all the way to the Supreme Court. The future of fintech and our industry is at stake. But he firmly believes that if they unite, they can win. 💪