Uniswap 面臨 SEC 潛在訴訟，引發監管擔憂

美國證券交易委員會（SEC）已向全球最大的去中心化交易所 Uniswap 發出 Wells 通知，暗示可能會提起訴訟。 Uniswap 堅稱其代幣不是證券，SEC 的行為正在阻礙數位資產領域的創新。加密貨幣社群批評了 SEC 的立場，認為其偏向於保護傳統金融利益，而不是培育數位資產的競爭市場。

Uniswap Receives Wells Notice from SEC, Sparking Concerns over Regulatory Overreach

Uniswap 收到 SEC 的 Wells 通知，引發監管過度的擔憂

Uniswap, the world's largest decentralized exchange platform, has received a Wells notice from the U.S. Securities and Exchange Commission (SEC), signaling a potential lawsuit. This development further intensifies the ongoing regulatory scrutiny faced by the cryptocurrency industry.

全球最大的去中心化交易平台 Uniswap 已收到美國證券交易委員會 (SEC) 的 Wells 通知，暗示可能會提起訴訟。這一發展進一步加劇了加密貨幣行業面臨的持續監管審查。

According to Uniswap's blog post, the SEC provided no specific details regarding the potential lawsuit, leaving the exchange puzzled. Uniswap has vehemently defended its operations, asserting that its products are fully compliant and transformative for global financial participation.

根據 Uniswap 的部落格文章，SEC 沒有提供有關潛在訴訟的具體細節，這讓交易所感到困惑。 Uniswap 強烈捍衛其運營，聲稱其產品完全符合全球金融參與的要求並具有變革性。

The SEC lawsuit follows a pattern of scrutiny against cryptocurrency companies, including ongoing battles with Coinbase and Ripple. The agency has repeatedly argued that most cryptocurrency tokens constitute securities, a designation that would subject them to stringent regulations.

SEC 的訴訟遵循了針對加密貨幣公司的審查模式，包括與 Coinbase 和 Ripple 的持續鬥爭。該機構一再辯稱，大多數加密貨幣代幣構成證券，這一名稱將使它們受到嚴格的監管。

Uniswap strongly refutes this characterization, contending that tokens are digital file formats that can store various forms of value. The exchange provided an analogy to highlight this distinction:

Uniswap 強烈反駁了這種定性，認為代幣是可以儲存各種形式的價值的數位檔案格式。該交易所提供了一個類比來強調這種區別：

"Despite SEC rhetoric that 'most' tokens are securities, the reality is that tokens are a digital file format, like a pdf or spreadsheet, and can store many kinds of value. They are not intrinsically securities, just as every sheet of paper is not a stock certificate."

「儘管SEC 聲稱『大多數』代幣都是證券，但事實是代幣是一種數位檔案格式，如pdf 或電子表格，可以儲存多種價值。它們本質上不是證券，就像每張紙都是證券一樣。不是股票證書。”

Industry experts have denounced the SEC's actions as an assault on innovation and transparency. They argue that the agency's aggressive approach disproportionately benefits traditional financial institutions at the expense of emerging decentralized platforms.

產業專家譴責美國證券交易委員會的行為是對創新和透明度的攻擊。他們認為，該機構的激進做法讓傳統金融機構受益，而犧牲了新興的去中心化平台。

Guy Turner, CEO and co-founder of CoinBureau, commented:

CoinBureau 執行長兼聯合創始人 Guy Turner 評論道：

"The only investors that the SEC is 'protecting' by going after Uniswap are the investors who own stocks in US banks. Decentralized competition against the TradFi monopoly isn't good for their share prices."

“SEC 通過追查 Uniswap 來‘保護’的唯一投資者是擁有美國銀行股票的投資者。針對 TradFi 壟斷的去中心化競爭對他們的股價不利。”

Uniswap believes that the SEC should embrace the advancements brought by decentralized finance (DeFi) to ensure the United States remains competitive in the global financial landscape. The exchange stated:

Uniswap 認為，SEC 應該擁抱去中心化金融（DeFi）帶來的進步，以確保美國在全球金融格局中保持競爭力。該交易所表示：

"We are confident that the products we offer are not just legal – they are transformative. They empower people across the world by enabling transparent, verifiable markets with fewer gatekeepers, which allows for cheap, accessible, global economic participation."

“我們相信，我們提供的產品不僅合法，而且具有變革性。它們通過更少的看門人實現透明、可驗證的市場，從而賦予世界各地的人們權力，從而實現廉價、便捷的全球經濟參與。”

The SEC's Wells notice has sent shockwaves through the cryptocurrency community, raising concerns about regulatory overreach and the potential implications for the industry. As the SEC continues to grapple with the complexities of cryptocurrency regulation, the outcome of its legal pursuit of Uniswap will be closely watched by investors, exchanges, and industry participants alike.

美國證券交易委員會的威爾斯通知在加密貨幣社區引起了衝擊，引發了人們對監管過度以及對該行業潛在影響的擔憂。隨著 SEC 繼續應對加密貨幣監管的複雜性，其對 Uniswap 的法律追究結果將受到投資者、交易所和行業參與者的密切關注。