Analysis Today TheBitTimes.com

Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the US Securities and Exchange Commission (SEC), arguing that crypto tokens should not be classified as securities.  The New York-based firm recently refuted the allegation that it operated as an unregistered exchange and broker-dealer. This response follows the SEC’s issuance of a Wells Notice to Uniswap Labs, signaling its intent to recommend legal action a gains t the company.  Uniswap Labs Challenges SEC’s Claims In a 40-page filing submitted to the SEC, Uniswap Labs outlined numerous reasons why the agency’s pursuit of legal action should be reconsidered. The SEC’s claims are primarily based on the assumption that all tokens are securities, a premise that Uniswap Labs disputes. ...

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency market is trading in the green today. However, the biggest gainer in the last 24 hours is LBRY Credits (LBC), which has pumped by 72% in the last 24 hours. The token is rallying as the company records a major win a gains t the US Securities and exchange commission. LBRY records a major win against the SEC The SEC has been under criticism for regulating the cryptocurrency industry through enforcement. Therefore, the win for LBRY in its SEC case has been seen as a win for the entire sector. On November 7, 2022, the SEC obtained a summary judgment in its favor as the sale of LBC tokens was deemed an investment contract within the six years that the token was in existence. The regulatory body hoped to use the judgment to get regulatory authority over the secondary crypto market. LBRY Credits filed an appeal on this judgment, and Attorney John Deaton has helped the company secure a major...