The SEC has decided not to pursue enforcement action against Uniswap Labs, the creator of the world's largest decentralized crypto exchange, following an investigation into whether Uniswap operated as an unregistered securities exchange and if its UNI token represented an illegal securities offering. Uniswap Labs had contested the SEC's pending enforcement action, arguing that the protocol did not qualify as an exchange under regulatory definitions. Uniswap's UNI token experienced a slight increase in value after the news. Uniswap Labs recently released Uniswap v4, which expanded the protocol into a developer platform with customizable features and underwent security audits.



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