Uniswap Lawsuit Dismissed: DeFi Crypto Exchange Not Liable for ‘Scam Tokens’ - Decrypt

A class action lawsuit against Uniswap, a decentralized exchange, has been dismissed by a district judge, citing the pseudo-anonymous nature of the token issuers as a legal barrier for the plaintiffs, but leaving the possibility for the case to resurface in certain jurisdictions.

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Relevant topic timeline:

8/30/2023

Judge dismisses class-action suit against Uniswap over token scam losses

A class-action suit against Uniswap Labs has been dismissed by a judge who advised the plaintiffs to take their complaints to Congress, highlighting her understanding of DeFi technology and decentralized finance.

8/31/2023

Uniswap lawsuit judge calls Ether a commodity in dismissal order

United States District Court Judge Katherine Polk Failla dismissed a class-action lawsuit against Uniswap, stating that Ether (ETH) and Bitcoin (BTC) are "crypto commodities," not subject to the Exchange Act. This comes as other judges have made conflicting rulings on the legal classification of cryptocurrencies in the US.

9/1/2023

Uniswap Ruling Creates Regulatory 'Anomaly' for DeFi: Legal Scholar - Decrypt

A district judge's ruling in a class-action lawsuit against Uniswap clarifies that decentralized exchanges like Uniswap cannot be held liable for scam tokens, highlighting the regulatory differences between decentralized exchanges and centralized ones like Coinbase.