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Cryptocurrency discussions / Re: SEC sues UniSwap: an opportunity for DeFi?
« on: April 15, 2024, 03:07:43 AM »This lawsuit, if it takes place, will be quite significant, even bigger than the SEC's case against Ripple, as the XRP token itself was previously considered centralized and subject to Ripple's control. UniSwap, on the other hand, is the market's largest and most well-known DEX. The outcome of this lawsuit could truly reshape the future of DeFi and alter the SEC's relationship with crypto.I hope the SEC will not sue UniSwap because the SEC also does not want to lose the lawsuit and damage its reputation. UniSwap is very different from Ripple, and if XRP is not a security, then UNI is unlikely to be a security either.
I think the SEC just wants to put pressure on the crypto market and win over UniSwap with time and money. This lawsuit could really slow down DeFi this cycle, and I don't know who would benefit if that happened.
one piece of surprising information, hope uni wins this case, and doesn't drag on like XRP,I think the UNI token price will be heavily affected, at least until we have full information about the lawsuit. I am even worried that many CEXs will delist the UNI token as they did with XRP. The best-case scenario is that UniSwap Labs is seen as a brave user standing up for DeFi against the SEC's absurdity, then UNI token price will gain focus and money flow from crypto community and investors!
Sometimes I wonder what's wrong with the SEC that always interferes with crypto getting people's attention. and makes crypto prices decline
Hopefully this case doesn't drag on because it will definitely do bad things to the coins they sell