Uniswap Labs 在前所未有的 DeFi 冲突中面临 SEC 诉讼

去中心化交易协议 Uniswap 的开发商 Uniswap Labs 已收到 SEC 发出的 Wells 通知，表明有意起诉。此举加剧了 SEC 与加密货币行业的法律斗争，该行业此前曾针对 Coinbase 和 Kraken 等中心化交易所。 Uniswap 声称准备对抗 SEC，认为该通知是针对合法区块链技术构建者的政治尝试。

Uniswap Labs Receives SEC Wells Notice, Sparking Legal Battle in DeFi Arena

Uniswap Labs 收到 SEC Wells 通知，引发 DeFi 领域的法律战

Uniswap Labs, the developer of the eponymous decentralized finance (DeFi) protocol, has reportedly received a Wells Notice from the United States Securities and Exchange Commission (SEC), signaling the agency's intent to pursue legal action.

据报道，同名去中心化金融（DeFi）协议的开发商 Uniswap Labs 已收到美国证券交易委员会（SEC）的威尔斯通知，表明该机构打算采取法律行动。

This development marks a significant escalation in the SEC's ongoing scrutiny of the cryptocurrency industry, which has primarily targeted centralized exchanges in the past. Uniswap, however, operates as a decentralized protocol, raising questions about the applicability of traditional securities regulations.

这一进展标志着美国证券交易委员会对加密货币行业持续审查的显着升级，该行业过去主要针对中心化交易所。然而，Uniswap 作为一种去中心化协议运作，引发了人们对传统证券法规的适用性的质疑。

In a blog post, Uniswap Labs expressed its determination to contest the SEC's allegations, declaring its willingness to "fight" in court. The company asserted that the SEC's action represents a "political effort" to target legitimate players in the blockchain space.

Uniswap Labs 在一篇博客文章中表达了对 SEC 指控提出异议的决心，并宣称愿意在法庭上“战斗”。该公司声称，美国证券交易委员会的行动代表了针对区块链领域合法参与者的“政治努力”。

The SEC has previously pursued enforcement actions against centralized exchanges Coinbase and Kraken, highlighting its focus on entities with a centralized structure. The Wells Notice issued to Uniswap Labs, a decentralized protocol, represents a novel legal frontier for the agency.

SEC 此前曾对中心化交易所 Coinbase 和 Kraken 采取执法行动，强调其重点关注具有中心化结构的实体。向去中心化协议 Uniswap Labs 发出的 Wells 通知代表了该机构的一个新的法律前沿。

Experts note that the LBRY case, in which the SEC alleged the sale of unregistered securities through a token launch, bears some resemblance to the current Uniswap situation. However, that case ultimately resulted in a settlement with minimal financial penalties.

专家指出，LBRY 案中 SEC 指控通过代币发行出售未注册的证券，这与目前 Uniswap 的情况有一些相似之处。然而，该案最终以最低限度的经济处罚达成和解。

The ongoing international cases against Tornado Cash developers also offer potential insights into the SEC's approach to enforcing securities laws against creators of self-executing code.

针对 Tornado Cash 开发商的持续国际案件也为 SEC 对自动执行代码的创建者执行证券法的方法提供了潜在的见解。

Legal experts emphasize that the SEC has demonstrated a creative approach to interpreting its regulations, raising concerns about potential enforcement against Uniswap Labs. Specifically, the operation of Uniswap's primary portal, uniswap.org, and the UNI governance token could be scrutinized by the SEC.

法律专家强调，SEC 展示了一种创造性的方法来解释其法规，引发了人们对 Uniswap Labs 可能被执法的担忧。具体来说，Uniswap 的主要门户网站 uniswap.org 和 UNI 治理代币的运营可能会受到 SEC 的审查。

However, experts believe that the SEC is unlikely to target individual token holders or users of Uniswap. This distinction underscores the unique challenges of applying securities laws to decentralized protocols.

不过，专家认为 SEC 不太可能针对个人代币持有者或 Uniswap 用户。这种区别强调了将证券法应用于去中心化协议的独特挑战。

The SEC's legal action against Uniswap Labs is widely seen as a test case for the agency's approach to DeFi regulation. Experts anticipate that the SEC will continue to pursue enforcement actions against different categories of cryptocurrency entities, exploring the applicability of securities laws in this evolving landscape.

SEC 对 Uniswap Labs 采取的法律行动被广泛视为该机构 DeFi 监管方法的一个测试案例。专家预计，美国证券交易委员会将继续对不同类别的加密货币实体采取执法行动，探索证券法在这一不断变化的环境中的适用性。

As the legal battle between Uniswap Labs and the SEC unfolds, the implications for the broader DeFi industry remain uncertain. However, this development underscores the heightened regulatory scrutiny facing the cryptocurrency sector and the need for clarity on the application of securities laws in the decentralized ecosystem.

随着 Uniswap Labs 和 SEC 之间的法律纠纷展开，对更广泛的 DeFi 行业的影响仍然不确定。然而，这一发展凸显了加密货币行业面临的更严格的监管审查，以及在去中心化生态系统中明确证券法应用的必要性。