Uniswap Labs revealed today that the U.S. Securities and Exchange Commission had served it with a Wells Notice, indicating a potential incoming lawsuit. 

Unsurprisingly, the crypto industry is interpreting this as a significant attack.

“This is the big one folks,” posted Bankless co-founder Ryan Adams on X. “Massive escalation by the SEC and whitehouse. Uniswap is a poster child for crypto decentralization - instead of celebrating Hayden Adams as a generational entrepreneur they're taking him to court. A war on crypto is a war on the internet.”

While many teams building decentralized projects have opted to steer clear of the U.S., both in location and banning its citizens from accessing their frontend applications, Uniswap Labs decided to stick with its country of origin. Its …