On a decisive Wednesday declaration, Uniswap's CEO, Hayden Adams, revealed the exchange's unwavering commitment to directly address regulatory obstacles, as outlined in his recent post on X.

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Decentralized cryptocurrency exchange Uniswap was served a notice by the U.S. Securities and Exchange Commission (SEC) detailing its intention to pursue an enforcement action, which the company made public on Wednesday.

Hayden Adams, the CEO of Uniswap, shared the news of the Wells notice on X, expressing his lack of surprise but rather feelings of annoyance, disappointment, and a readiness to engage in a legal battle.

During a press briefing later that day, Uniswap's COO Mary-Catherine Lader and Chief Legal Officer Marvin Ammori addressed reporters about the content of the Wells notice. The focus was on allegations of Uniswap operating as an unregistered securities broker and exchange.

The status of Uniswap's native token, UNI, as a potential security in the SEC's notice remains uncertain. Ammori expressed confidence in Uniswap's compliance with the SEC's definition of an exchange, citing a recent ruling in the SEC's case against Coinbase that favored the exchange.

Despite the looming legal battle, Adams reiterated his confidence in the legality of Uniswap's offerings and expressed frustration with the SEC's approach to regulation.

He stated, "I am confident that the products we offer are legal and that our work is on the right side of history." He continued, "But it’s been clear for a while that rather than working to create clear, informed rules, the SEC has decided to focus on attacking long-time good actors like Uniswap and Coinbase, all while letting bad actors like FTX slip by."

However, SEC spokesperson declined to comment on any potential investigation.

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