The U.S. SEC issued a Wells notice to the decentralized exchange Uniswap on April 10, the team confirmed on social media.
The United States Securities and Exchange Commission (SEC) has issued a Wells notice to the decentralized exchange Uniswap.
On X (formerly Twitter), Uniswap’s chief legal officer Marvin Ammori confirmed the regulator’s notice on April 10. “Today’s Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC,” Ammori wrote, arguing that:
A Wells notice is a formal notification issued by the SEC to inform a company or individual that the regulator’s staff intends to recommend enforcement action against them. This notice gives the recipient an opportunity to provide a written explanation or argument (a “Wells submission”) as to why such action should not be taken.
