Uniswap Labs: UNI token is a file format, not an investment contract
Uniswap Labs stated in its official blog that the US Securities and Exchange Commission's characterization of the Uniswap protocol as an unregistered securities exchange is under the control of Uniswap Labs, the Uniswap interface is an unregistered securities brokerage firm, and the UNI token is an investment contract.
In fact, the UNI token is a file format, similar to PDF, and the protocol is a general-purpose computer program that anyone can use and integrate, just like TCP/IP. In the early days of the protocol, hundreds of thousands of users who participated in the UNI token were given the token for free without a contract, and there was no expectation of profit from Uniswap Labs' efforts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A Trader Turns $800 Asset in a New Altcoin into $3.5 Million – There Are Concerns About Being an Insider
A crypto trader turned his initial fortune of $800 into $3.5 million, according to onchain data on Solana.
Altcoin Closely Followed by Turkish Investors Announces $40 Million Grant!
Avalanche announces $40 million Retro9000 grant program.
Analytics Firm Reveals Critical Level Bitcoin Needs to Hold For Bullish Sentiment to Continue
Anticipated Statement from SEC Chairman Gary Gensler: BNY, One of the Largest Banks in the USA, Received Cryptocurrency Custody Approval
SEC Chairman Gary Gensler announced in his statement that BNY has received the necessary approval for cryptocurrency custody.
Trending news
MoreCrypto prices
More
