SEC actions have made developers fearful that their code may end in prosecution. Are smart contracts with immutable code the way to protect themselves?
On April 10, Uniswap Labs received a Wells notice — a letter informing a company or individual that the United States Securities and Exchange Commission is planning to bring an enforcement action against them.
Uniswap Labs is the eponymous developer of the software on which Uniswap — a widely used decentralized cryptocurrency exchange (DEX) — facilitates trading.
The Wells notice follows a reported SEC investigation in which it was allegedly seeking information about Uniswap’s marketing and investor services.