Uniswap 费用上涨引发 SEC 战备担忧

Uniswap 提高了互换费，理由是需要“可持续地资助”运营。此举可能是为与 SEC 潜在的法律战做准备。费用增加并不适用于所有交易，并且存在一些豁免。 Uniswap 创始人强调公司产品合法，并表示愿意反击 SEC。 SEC 针对 Uniswap 的攻击引发了人们对 DeFi 更广泛“战争”的担忧。

Uniswap Fee Increase Raises Suspicions of SEC Battle Preparations

Uniswap 费用上涨引发对 SEC 战斗准备的怀疑

In a recent update, decentralized exchange (DEX) Uniswap has revised its swap fee structure, raising it from 0.15% to 0.25% for interface trades. Citing a desire to "sustainably fund" its operations, Uniswap emphasized that the increased charges will bolster its financial stability.

在最近的更新中，去中心化交易所（DEX）Uniswap 修改了其互换费用结构，将接口交易的互换费用从 0.15% 提高到 0.25%。 Uniswap 强调，增加费用将增强其财务稳定性，希望为其运营“可持续提供资金”。

However, experts believe this move may be part of a strategic plan to brace for a potential legal confrontation with the United States Securities and Exchange Commission (SEC). This suspicion stems from the timing of the fee increase, which coincides with Uniswap's receipt of a Wells Notice from the regulatory agency just four days prior.

然而，专家认为此举可能是一项战略计划的一部分，旨在应对与美国证券交易委员会（SEC）潜在的法律对抗。这种怀疑源于费用上涨的时间，恰逢 Uniswap 在四天前收到监管机构的 Wells 通知。

Fee Increase Details and Exemptions

费用增加详情和豁免

While the new fee structure applies to most interface trades, certain transactions remain exempt. These include swaps involving stablecoins of equal value or exchanges between Ethereum (ETH) and Wrapped Ethereum (WETH). Additionally, users can avoid the fee by accessing Uniswap through alternative interfaces, although trades executed on the main network and some secondary networks will still incur the charge.

虽然新的费用结构适用于大多数接口交易，但某些交易仍然豁免。其中包括涉及等值稳定币的互换或以太坊 (ETH) 和 Wrapped Ethereum (WETH) 之间的交换。此外，用户可以通过替代接口访问 Uniswap 来避免费用，尽管在主网络和一些辅助网络上执行的交易仍会产生费用。

Uniswap's Fee Increases Separate from Protocol Fee Switch

Uniswap 的费用上涨与协议费用转换无关

It is crucial to note that the current fee increase is distinct from the Uniswap Protocol fee switch, which was approved through a governance vote by UNI token holders. The latter initiative aims to reward those who have dedicated or staked UNI tokens.

值得注意的是，当前的费用上涨与 Uniswap 协议费用转换不同，后者是通过 UNI 代币持有者的治理投票批准的。后者旨在奖励那些奉献或质押 UNI 代币的人。

SEC's Ongoing Targeting of Cryptocurrency Industry

SEC 持续瞄准加密货币行业

Uniswap's potential legal battle with the SEC represents another instance of the agency's heightened attention to the cryptocurrency industry. Under Chairman Gary Gensler, the SEC has aggressively pursued lawsuits against various individuals and organizations, including the infamous failures of FTX and Terraform Labs (LUNA-UST). Prominent players like Kraken, Coinbase, and Binance have also faced scrutiny.

Uniswap 与 SEC 之间潜在的法律纠纷是该机构对加密货币行业高度关注的又一个例子。在主席 Gary Gensler 的领导下，SEC 积极对各种个人和组织提起诉讼，其中包括臭名昭著的 FTX 和 Terraform Labs (LUNA-UST) 的失败。 Kraken、Coinbase 和 Binance 等知名企业也面临着审查。

In these cases, the SEC has frequently invoked securities law arguments, a strategy that has drawn criticism for its perceived overreach. However, the agency's legal battles with Coinbase, Binance, and Ripple remain ongoing, despite mounting challenges to the SEC's arguments.

在这些案例中，美国证券交易委员会经常援引证券法论点，这一策略因其被认为过度扩张而招致批评。然而，尽管 SEC 的论点面临越来越多的挑战，但该机构与 Coinbase、Binance 和 Ripple 的法律斗争仍在继续。

Uniswap's Response and Community Reaction

Uniswap 的回应和社区反应

Uniswap's founder, Hayden Adams, has vehemently defended the legality of the company's products. He has criticized the SEC for failing to provide clear guidance while simultaneously pursuing litigious actions against industry leaders. Adams has expressed his determination to fight back against any accusations and has vowed to take the case all the way to the U.S. Supreme Court if necessary.

Uniswap 的创始人 Hayden Adams 极力捍卫该公司产品的合法性。他批评美国证券交易委员会未能提供明确的指导，同时对行业领导者采取诉讼行动。亚当斯表示决心反击任何指控，并誓言如有必要，将将此案一直提交到美国最高法院。

The cryptocurrency community has largely reacted with concern to the SEC's actions against Uniswap, with many viewing it as a possible attack on decentralized finance (DeFi) as a whole. However, Uniswap's unwavering stance has also garnered significant support.

加密货币社区很大程度上对 SEC 针对 Uniswap 的行动表示担忧，许多人认为这可能是对整个去中心化金融（DeFi）的攻击。然而，Uniswap 坚定不移的立场也获得了重要支持。

Potential Impact on Uniswap Token (UNI)

对 Uniswap 代币（UNI）的潜在影响

Following the SEC's Wells Notice, the Uniswap token (UNI) experienced an 18% drop in its value. It has since recovered slightly, but it remains down approximately 34% over the last week. Industry observers will continue to monitor the situation closely, as the outcome of any potential legal battle could have significant implications for Uniswap, the broader DeFi ecosystem, and the crypto industry as a whole.

在 SEC 发布 Wells 通知后，Uniswap 代币 (UNI) 的价值下跌了 18%。此后略有回升，但上周仍下跌约 34%。行业观察家将继续密切关注事态发展，因为任何潜在的法律纠纷的结果都可能对 Uniswap、更广泛的 DeFi 生态系统以及整个加密行业产生重大影响。