Judge Dismisses Class Action Lawsuit Against Uniswap

Judge Dismisses Class Action Lawsuit Against Uniswap



Judge Katherine Polk Failla recently threw out a collective lawsuit against Uniswap, a leading decentralized exchange. She said the accusations made by the plaintiffs lacked substantive evidence, underscoring the vagueness of current cryptocurrency laws.



The judge is also presiding over a case between the U.S. Securities and Exchange Commission and Coinbase. She ruled that many of the claims against Uniswap were baseless and therefore not valid in a legal setting.



Initiated last year, the lawsuit claimed that Uniswap, its founder Hayden Adams, and investment firms Andreessen Horowitz and Paradigm were facilitating widespread fraud on the platform. The plaintiffs also argued that Uniswap should comply with FINRA registration and was involved in selling unregistered securities.



In her judgment, Judge Failla emphasized Uniswap's


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Uniswap

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