SEC sues UniSwap: an opportunity for DeFi?

[hugeblack]

I think now we do better understand why Satoshi remained hidden till today, if he his around today and know by the government officials, I'm very sure that SEC is going to open a file of him about what Bitcoin has did and not and jailed him but he decided to remain anonymous which is good for Bitcoin otherwise regulations of Bitcoin would have been in excess by now.

Yes, it seems that it is better for the developers of these currencies to remain in secret, especially if governments decide to become more strict, but let us see what will happen with Vitalik Buterin or any of the creators of cryptocurrencies.

[Rubel007]

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.

[Gladitorcomeback]

They aim to completely regulate the crypto space, and suing the centralized exchanges and crypto projects alone won't make that happen, so they are surely going to take further steps, and if I remember correctly, a few months back I read somewhere that they are aiming to start attacking decentralized platforms soon, so it wouldn't be surprising if they do so because they want regulation for all and decentralized platforms support decentralization which means no regulation for their customers.

Whether the case with UniSwap will be long or not, but if they start attacking decentralized platforms, they wouldn't stop just here, they will sue UniSwap and then they will start going to other platforms until it is done on all of them.

[[email protected]]

Hello, They aim to completely regulate the crypto space, and suing the centralized exchanges and crypto projects alone won't make that happen, so they are surely going to take further steps, and if I remember correctly, a few months back I read somewhere that they are aiming to start attacking decentralized platforms soon, I lost some bitcoin months ago and was quite unhappy about it until I was made aware of White Express Recovery company, who helped me recover it. Not all, but around 88% of it has been retrieved. If you have similar problems, you can contact them at whiteexpressrecovery . com

[KryptoBull]

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.

[akeemqaz]

When SEC sue anything, the value reduces. Although, it might be a good opportunity for DeFI as you've said but it will affect Defi at first. We all know what SEC suing causes although, Im able to get more UNI with my Meme coins pair on Bitget smart portfolio but I still don't see this SEC suing as a good one.

[KryptoBull]

When SEC sue anything, the value reduces. Although, it might be a good opportunity for DeFI as you've said but it will affect Defi at first. We all know what SEC suing causes although, Im able to get more UNI with my Meme coins pair on Bitget smart portfolio but I still don't see this SEC suing as a good one.

No project or token wants to get involved in a lawsuit with the SEC because it could cause the token to lose investor confidence and the project to lose users. UniSwap is a large project but cannot stand outside of this either, but I believe that UniSwap has enough evidence and financial strength to fight the SEC.

In the best case, if Gary Gensler leaves the SEC and we get another crypto-friendly SEC member, things could change and the lawsuit could go away without any further conditions. I look forward to this possibility!

[MUGNIA]

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.

it would be too embarrassing if there was another defeat, at least the SEC should stop bothering with crypto and stand side by side with crypto so that it doesn't always cause chaos and make one coin from being sued become depreciated or even worthless if they don't have a solid community

[KryptoBull]

 

it would be too embarrassing if there was another defeat, at least the SEC should stop bothering with crypto and stand side by side with crypto so that it doesn't always cause chaos and make one coin from being sued become depreciated or even worthless if they don't have a solid community

Recently, the SEC has dropped its lawsuit against Paxos related to BUSD, which could be a defeat for the SEC and Paxos has escaped the lawsuit, but BUSD has almost disappeared from the market.

This reaffirms the huge impact of the SEC's legal actions, at least this has not happened to UniSwap yet, and I hope the SEC will soon announce its intention to drop the lawsuit against UniSwap in the near future. That could be good news for UniSwap to boom in the DeFi summer!

[pieppiep]

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.

it would be too embarrassing if there was another defeat, at least the SEC should stop bothering with crypto and stand side by side with crypto so that it doesn't always cause chaos and make one coin from being sued become depreciated or even worthless if they don't have a solid community

The SEC is too serious about dealing with Cryptocurrencies, They are trying to control price movements in Cryptocurrencies. When they win against the trial it will cause bad news to circulate which ultimately makes many people panic and market conditions collapse. But if the SEC loses, market conditions will have the potential to rise. However, the SEC is still one of the factors that can influence cryptocurrency prices on the market.

[KryptoBull]

The SEC is too serious about dealing with Cryptocurrencies, They are trying to control price movements in Cryptocurrencies. When they win against the trial it will cause bad news to circulate which ultimately makes many people panic and market conditions collapse. But if the SEC loses, market conditions will have the potential to rise. However, the SEC is still one of the factors that can influence cryptocurrency prices on the market.

My expectations are higher than yours: The SEC has dropped the Paxos lawsuit, so I also hope they will drop UniSwap as well. This is better than a years-long lawsuit and the UNI token could be negatively impacted by the lawsuit. Such positive news could help Uni and many other DeFi projects have the motivation to develop and the price of DeFi tokens will increase immediately.

The SEC has reduced its attacks on projects in the crypto market, perhaps they are also tired and need to wait for the results of the presidential election. I hope that we will have a positive change in the SEC personnel in the next term.

[NotATether]

My expectations are higher than yours: The SEC has dropped the Paxos lawsuit, so I also hope they will drop UniSwap as well. This is better than a years-long lawsuit and the UNI token could be negatively impacted by the lawsuit. Such positive news could help Uni and many other DeFi projects have the motivation to develop and the price of DeFi tokens will increase immediately.

The SEC has reduced its attacks on projects in the crypto market, perhaps they are also tired and need to wait for the results of the presidential election. I hope that we will have a positive change in the SEC personnel in the next term.

SEC is pretty much guaranteed to drop everything if Republicans take over the White House.

But before I jump into political rhetoric here, I think for now, we should not expect the SEC to do anything because they like to sit with their hands under their backside and do nothing while all these crypto projects are trying to litigate against them. Didn't you see the stand that Coinbase took against them earlier?

[KryptoBull]

SEC is pretty much guaranteed to drop everything if Republicans take over the White House.

But before I jump into political rhetoric here, I think for now, we should not expect the SEC to do anything because they like to sit with their hands under their backside and do nothing while all these crypto projects are trying to litigate against them. Didn't you see the stand that Coinbase took against them earlier?

Currently, the SEC has not taken any further action against crypto, while crypto companies are protecting themselves by suing the SEC. Unfortunately, we don't have any further details about these lawsuits, perhaps Gary has foreseen his own fate so he has been less vocal about them. I hope he will soon find a new job that is a better fit, and he can freely support crypto without being bound by his position at the SEC.

The election is still ahead, let's follow and hope for the best scenario for crypto. Whatever the outcome, we have seen crypto become an important part of this society and can be weaponized in election in many countries.