Legal Battle Between UniSwap and SEC: Professor Verret Predicts a Larger Fight Than Coinbase Case
Professor Verret indirectly suggested that the legal battle between UniSwap and the SEC will be much larger compared to the Coinbase vs SEC case.
Background
Uniswap is a top-ranked decentralised crypto exchange in the crypto space. This platform is popular because of its first-mover advantage. At this platform, crypto traders are not required to go through any kind of registration or KYC procedure, as it is a Defi protocol.
SEC Notice to UniSwap
We recently reported that the United States Securities and Exchange Commission (SEC) sent a Wells Notice to the team. Through the notice, the SEC body raised concerns over the crypto trading services without registration & providing unregistered Securities offerings.
Expert Analysis by Professor Verret
In response to this matter, Professor J.W. Verret from George Mason Law School, who has previously served on an SEC advisory committee, likened the challenges faced by (Uni) to those previously seen with publicly trading American crypto exchange Coinbase ($COIN).
The former SEC official said that the latest SEC notice against UniSwap is part of continued government attention on decentralised platforms.
Furthermore, Verret suggested the team remain ready for a big war against the SEC body.
Uniswap (Uni) Price
The current trade price of Uni, the native token of (Uni) crypto exchange, is $6.8 and this trade price is 40% down over the last 7 days.
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