🚀Uniswap Labs, the team behind the popular DeFi exchange, is ready to fight back against the SEC's Wells Notice, calling the legal basis "weak".💪
• Uniswap's native token UNI is on a roll, up 2% in the last 24 hours and a whopping 37% over the week.
• The SEC's assumption that all tokens are securities is flawed, argues Uniswap Labs' Chief Legal Officer, Marvin Ammori. He insists tokens are a value format, not securities by default.
• Uniswap is ready to battle any charges, with a legal team that's represented successful cases like Grayscale and Ripple.
• A case against Uniswap could drive US crypto investors to foreign trading protocols and stifle innovation, warns the Uniswap team.
• The SEC's case could become irrelevant if the Financial Innovation and Technology for the 21st Century Act is passed.
What do you think about Uniswap's stance? Will this impact the DeFi market? Let's chat in the comments!👇 #DeFi #Uniswap #SEC