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Cryptocurrency discussions / Re: SEC sues UniSwap: an opportunity for DeFi?
« on: April 17, 2024, 12:20:15 AM »The SEC's attitude toward cryptocurrencies has never been positive. Whenever any project make bullish in the market, this agency destroys its reputation by suing that project. However, the SEC could not find any evidence that would incriminate UNI swap Dex. But because of their lawsuits, a large portion must be spent fighting against the charge. To date the SEC has kept a few cases where they could not provide any evidence. Ripple will fail to prove whatever allegations they make against Binance and the same will be the case with UniSwap.I am highly skeptical of the SEC's motives in suing UniSwap. Is it because the DeFi trend is growing so strongly and creating a DeFi summer similar to 2020? Does the SEC really want to protect investors in this market? Is the SEC being used by someone to stifle the growth of the crypto market? The SEC is attacking both CEXs and DEXs, I don't understand the SEC's purpose. I hope we will soon know the details of the lawsuit the SEC wants to bring, then pro-crypto lawyers will share their views and we will support UniSwap together.
Four years ago, we doubted the nature of XRP, but now we believe that UNI is not a security. CEXs are still holding UNI trading pairs, they have not delisted UNI, they are supporting UniSwap.