SEC Sets Sights on Uniswap in Latest Salvo Against Booming DeFi Sector

• SEC plans to sue Uniswap, a leading DeFi platform, over alleged illegal securities offerings or failure to register as a broker/exchange

• Comes amid SEC crackdown on crypto industry and conflict over whether existing laws apply to new blockchain tech

• Uniswap case uniquely complex due to decentralized nature of protocol that company created but does not control

• Uniswap won legal victory last year arguing it's not liable for how open-source protocol is used, like self-driving car maker

• Uniswap prepared to "put up a worthy fight" though recent rulings suggest SEC has momentum; high stakes given DeFi's rapid growth