Oddbean new post about login | logout After start of SEC's 'war on DeFi,' UNI and others struggle to recover. https://www.tbstat.com/wp/uploads/2023/08/20230726_DeFi_News-1200x675.jpg?isSafari=false&isMobile=false
UNI was trading around $11.60 ahead of the Wells Notice and plummeted in the aftermath. It has found its footing at just over $7 but hasn’t shown much of a rebound. This is an excerpt from The Block’s Data & Insights newsletter.
The specific allegations against Uniswap Labs remain unclear, but possible charges could include unregistered securities offerings or regulatory non-compliance Uniswap's founder, Hayden Adams, has voiced frustration with the SEC's aggressive posture towards longstanding crypto entities and has affirmed Uniswap's legality and transformative impact on financial infrastructure
