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Cryptocurrency discussions / Re: SEC sues UniSwap: an opportunity for DeFi?
« on: April 15, 2024, 02:12:07 PM »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!If the key reason why the token is considered a security is that it gives 'revenue' to its token holders, maybe Uniswap can also look for other options to make their token more interesting for the market. That being said, profit sharing through staking is the norm for the market as of now, if they judge it as security based on that alone, then the market will be affected. It feels a bit absurd though, since staking has many forms, and disallowing people to profit from that will more or less kill any incentive for the community to participate in the network. New projects will probably move away from the US if they fail to find any way to monetize their network, since running their node is probably not feasible. CMIIW.