Uniswap Labs COO Discloses Tens of Millions Spent Battling SEC
The SEC has recently closed its investigations into multiple crypto platforms, including Robinhood, OpenSea, Coinbase, and Uniswap Labs.
Key points include:
- Uniswap Labs announced the closure of its SEC investigation, viewing it as a major win for DeFi.
- The company emphasized that their operations align with legal standards and consumer protection.
- Uniswap CEO Hayden Adams stated that Uniswap does not fit existing financial regulatory frameworks.
- Crypto executives have shifted their stance, now expressing satisfaction with the SEC's new leadership.
- Despite positive reactions, token prices remain generally down, although UNI rose from $7.87 to $8.28 after the news.
- Gaming tokens also experienced declines, with most dropping between 2% to 15% over the past week.
UNI currently holds a market cap exceeding $4.9 billion.