Uniswap received a notice from the U.S. SEC Wells, and founder Adams wrote that he would fight to the end

Hayden Adams, founder of Uniswap, said on the X platform, "Uniswap Labs received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) today. I am not surprised, but annoyed, disappointed, and ready to fight back. I believe that the products we provide are legal, and our work is correct from a historical perspective. But it is clear that the SEC has not worked hard to formulate clear and wise rules for so long, but has decided to focus on attacking long-term builders such as Uniswap and Coinbase. At the same time, bad actors such as FTX are at large. When I first set out to create Uniswap, the goal was not to reshape finance. This is a completely decentralized, fully automated on-chain market experiment. I don't know if it will succeed, or if anyone will use it. Today, the Uniswap protocol handles more than $2 trillion in transactions. Many teams and developers have forked our code or developed on it. We have built a brand new financial infrastructure that is transparent, fair, secure and accessible, powering the entire industry. The Uniswap team also did all of this work in its office in New York City, USA. People often ask me why we stay in the US, and my answer is simple: I believe blockchain is an incredibly powerful technology. Like the internet, it’s here to stay. So someone needs to fix it, and that someone could be us. When you build technology that improves people’s lives, you don’t have to hide. The SEC’s mission is to ‘protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.’ That’s a noble mission. I think Uniswap is doing a much better job of that today than the SEC. Yes, I’m disappointed because the SEC seems more concerned with protecting an opaque system than protecting consumers. We have to fight against US government agencies to protect our companies and our industry. This fight will last for years, possibly all the way to the Supreme Court, and the future of fintech and our industry is at stake. If we stand together, we can win. I think freedom is worth fighting for. I think DeFi is worth fighting for. Of course, we’re not going to stop operating. ”