SEC 在最新執法行動中針對加密巨頭 Uniswap

去中心化金融（DeFi）平台 Uniswap 正面臨美國證券交易委員會（SEC）的審查，該委員會已發布 Wells 通知，表明即將採取執法行動。該通知是在對 Uniswap 的交易行為及其原生代幣 UNI 的營銷進行調查之後發出的。 Uniswap 創辦人/執行長 Hayden Adams 對該平台產品的合法性表示信心，並計劃對抗 SEC 的指控。產業觀察家推測，SEC 可能會辯稱 Uniswap 的業務構成未註冊的證券交易所，或 UNI 符合未註冊證券的定義。

SEC Targets Uniswap Amidst Crypto Enforcement Surge

SEC 在加密貨幣執法浪潮中瞄準 Uniswap

The United States Securities and Exchange Commission (SEC) has set its sights on Uniswap Labs, the decentralized exchange (DEX) giant, marking yet another escalation in its ongoing crackdown on the cryptocurrency industry.

美國證券交易委員會（SEC）將目光投向了去中心化交易所（DEX）巨頭Uniswap Labs，這標誌著其對加密貨幣行業的打擊力度再次升級。

Wells Notice Triggers Alarm Bells

威爾斯通知敲響了警鐘

On April 10th, Hayden Adams, founder and CEO of Uniswap, took to Twitter to announce that his company had received a Wells notice from the SEC. A Wells notice signifies the SEC's belief that it has concluded an investigation into an entity or individual and intends to pursue enforcement action. Uniswap has 30 days to respond to the notice and argue against such action.

4 月 10 日，Uniswap 創辦人兼執行長 Hayden Adams 在 Twitter 上宣布，他的公司已收到 SEC 的 Wells 通知。 Wells 通知表明 SEC 相信其已結束對實體或個人的調查並打算採取執法行動。 Uniswap 有 30 天的時間對通知做出回應並反對此類行為。

Investigation Details Remain Scant

調查細節仍然很少

The exact details of the SEC's investigation remain unknown. However, reports indicate that the probe began in September 2021 and focused on the operations of the Uniswap DEX, including how users traded on the platform and how Uniswap marketed its services. The SEC's scrutiny has also extended to UNI, Uniswap's native token, which experienced a significant price drop following Adams' announcement.

SEC 調查的具體細節仍不清楚。然而，報告顯示，調查於 2021 年 9 月開始，重點關注 Uniswap DEX 的運營，包括用戶如何在該平台上進行交易以及 Uniswap 如何行銷其服務。 SEC 的審查也擴展到 Uniswap 的原生代幣 UNI，在 Adams 宣布這一消息後，UNI 的價格出現了大幅下跌。

Uniswap's Legal Counsel Voices Defiance

Uniswap 法律顧問表示反抗

In response to the Wells notice, Uniswap's chief legal officer, Marvin Ammori, condemned it as an "abuse of power" by the SEC. Ammori asserted that Uniswap was "prepared to fight against this abuse" and expressed confidence in its legal position.

針對 Wells 的通知，Uniswap 首席法律官 Marvin Ammori 譴責 SEC 的「濫用權力」。 Ammori 聲稱 Uniswap“已準備好打擊這種濫用行為”，並對其法律立場表示信心。

Crypto Community Rallies Behind Uniswap

加密社群集會支持 Uniswap

The SEC's latest move against Uniswap has sparked widespread criticism within the cryptocurrency community. Coinbase's legal counsel, Paul Grewal, cited a recent federal court ruling that dismissed the SEC's assertion that Coinbase's Wallet application constituted a securities exchange. Other commentators suggested that the SEC would struggle to establish Uniswap as a security exchange, although it may have a stronger case against UNI.

SEC 針對 Uniswap 的最新舉措引發了加密貨幣社群的廣泛批評。 Coinbase 的法律顧問 Paul Grewal 引用了聯邦法院最近的一項裁決，該裁決駁回了 SEC 關於 Coinbase 的錢包應用程式構成證券交易所的主張。其他評論員表示，SEC 將很難將 Uniswap 建立為證券交易所，儘管它可能對 UNI 有更強的理由。

SEC Accuses Crypto Firms of Noncompliance

SEC 指控加密貨幣公司違規

The Uniswap probe is part of a broader enforcement campaign by the SEC against the cryptocurrency sector. SEC Enforcement Director Gurbir Grewal has criticized the industry for "continued noncompliance," leading to elevated investor risks. These concerns include fraud, lack of transparency, and conflicts of interest.

Uniswap 調查是 SEC 針對加密貨幣產業更廣泛執法行動的一部分。美國證券交易委員會執法總監 Gurbir Grewal 批評該行業“持續違規”，導致投資者風險上升。這些擔憂包括詐欺、缺乏透明度和利益衝突。

Other Crypto Entities Under Scrutiny

其他受到審查的加密貨幣實體

Besides Uniswap, the SEC has filed enforcement actions against numerous other crypto-related entities in recent months:

除了 Uniswap 之外，美國證券交易委員會近幾個月也對許多其他加密相關實體採取了執法行動：

• SEC v. Sun/Tron: Justin Sun, founder of the Tron blockchain, faces charges of selling and manipulating unregistered securities.
• SEC v. Heart/Hex: Richard Heart, creator of the Hex crypto project, is accused of offering unregistered securities and fraudulently misappropriating funds.
• SEC v. Kraken: The SEC alleges that the Kraken exchange facilitated the illegal trading of digital asset securities.

Kraken Rejects SEC's Allegations

SEC v. Sun/Tron: Tron 區塊鏈創辦人 Justin Sun 面臨出售和操縱未註冊證券的指控。Rre 訴 Heart/Hex：Hex 加密專案的創建者 Richard Heart 被指控提供未註冊證券並進行詐欺挪用資金。 SEC vKraken：SEC 指控Kraken 交易所為數位資產證券的非法交易提供便利。Kraken 拒絕SEC 的指控

Kraken has filed a motion to dismiss the SEC's complaint, arguing that the tokens it sold did not meet the criteria for securities under the Howey test. The SEC has opposed this motion, maintaining that its allegations fall within well-established legal frameworks.

Kraken 已提出駁回 SEC 投訴的動議，稱其出售的代幣不符合 Howey 測試下的證券標準。美國證券交易委員會反對這項動議，堅稱其指控符合完善的法律架構。

Conclusion

結論

The SEC's ongoing enforcement actions against prominent cryptocurrency companies are a clear indication of the agency's determination to regulate the burgeoning digital asset market. As the legal battles unfold, the outcome will have significant implications for the future of cryptocurrency trading and the industry's regulatory landscape.

美國證券交易委員會針對知名加密貨幣公司持續採取的執法行動清楚地表明了該機構監管新興數位資產市場的決心。隨著法律鬥爭的展開，結果將對加密貨幣交易的未來和行業的監管環境產生重大影響。