Stupid Shipcoiners Getting Sued (So Sad)

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In this video, I discuss the SEC serving Uniswap Labs with a Wells notice.

This is definitely bad news for Uniswap Labs, which has been using what is probably an unregistered security UNI to fund its operations.

It's also bad news for other "decentralized in name only" actors in the DeFi space, as well as crypto like Cardano and Ethereum.

By contrast, Bitcoin is special. It's a digital commodity that fails the Howey Test, and is thus not an investment contract or security.

Not investment advice! Consult a financial advisor.

Uniswap Labs:
https://uniswap.org/

Uniswap's NY office:
https://twitter.com/Pledditor/status/1637460359073218560

Uniswap has a headquarters and investors:
https://pitchbook.com/profiles/company/265762-45#overview

SEC investigating Uniswap since 2021:
https://decrypt.co/80130/uniswap-labs-under-investigation-sec-report

Uniswap receives a Wells notice from the SEC:
https://decrypt.co/225774/uniswap-uni-token-price-drop-sec-wells-notice
https://twitter.com/haydenzadams/status/1778126466984575166

1 billion pre-mined UNI tokens:
https://blog.uniswap.org/uni

Coinbase listing unregistered securities like UNI:
https://www.coinbase.com/blog/uniswap-uni-is-now-available-on-coinbase

Bankless stands with Uniswap:
https://twitter.com/RyanSAdams/status/1778175941509865604

Bankless rekt its own investors:
https://coinmarketcap.com/currencies/bankless-dao/

Pomp loves shipcoining:
https://twitter.com/GhostofWhitman/status/1777893700829405520
https://twitter.com/stephanlivera/status/1777722739979083790

David Bailey loves shipcoining:
https://twitter.com/OpalBTC/status/1775872557365055967/photo/1
https://twitter.com/Pledditor/status/1770629275290402845
https://twitter.com/build_on_bob/status/1773020961597452634
https://twitter.com/AnthonieMeijer/status/1776927519230378343

Ethereum has a leader and a road map:
https://www.theblock.co/post/269799/vitalik-buterin-shares-updated-202..