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.

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8/30/2023

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.

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.

9/3/2023

This Week on Crypto Twitter: Grayscale Wins Against SEC, SEC Delays ETF Applications - Decrypt

The SEC's denial of Grayscale's spot Bitcoin ETF application has been reviewed by a judge due to the SEC's failure to provide a coherent explanation, while the SEC also delayed verdicts on several Bitcoin spot market ETF applications, including BlackRock's, causing prices to rally; in other news, Circle's USDC stablecoin has experienced a significant decrease in market cap, SEC Commissioner Hester Peirce criticized the SEC's attempt to bring crypto exchanges under its jurisdiction, a lawsuit against Uniswap was dismissed by a New York judge, StarkWare zeroed all user balances on old wallets, Vivek Ramaswamy celebrated Grayscale's win over the SEC, the SEC delayed its verdict on multiple ETF applications including BlackRock's, and Chinese courts considered cryptocurrencies legal property protected by law.

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Posted 9/1/2023, 6:19:03 PM