The Uniswap Foundation said it would implement free conversions despite a Wells notice from the Securities Exchange Commission (SEC). Uniswap Labs claims that under the current legal classification, the Securities Exchange Commission does not have the authority to regulate its decentralized protocols. It is reported that Uniswap's response this time is very timely because the 21st Century Financial Innovation and Technology Act will be voted on in the House of Representatives after passing the Senate, which could change the way the Securities Exchange Commission and the Commodity Futures Trading Commission (CFTC) regulate cryptocurrencies.
According to Uniswap, if the proposal for a new fee mechanism is approved by the end of this month, control of the mainnet UniswapV3Factory will be transferred to a specially designed new V3FactoryOwner contract, marking a milestone in Uniswap's decentralized governance.
Uniswap Foundation: Free conversion will still be implemented despite SEC Wells notice
2024-05-26 14:02:51
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