Uniswap (UNI) is taking proactive measures to avoid a potential regulatory conflict with the US Securities and Exchange Commission (SEC). The SEC sent a notice to Uniswap, claiming that the exchange is operating as an unregistered securities exchange, while its wallet and interface function as an unregistered securities broker.
In response, Uniswap has refuted these allegations, stating that its protocol does not meet the criteria of an exchange and therefore falls outside the jurisdiction of the regulator. Uniswap describes its protocol as a passive technology for trading cryptocurrencies. Last week, the price of its native token, UNI, increased by 36%, making it a lucrative investment in the crypto market.
Meanwhile, Solana (SOL) is showing signs of entering another bull cycle, with its price rising by over 21% last week, despite facing congestion issues on its blockchain in recent months. Additionally, Milei Moneda ($MEDA), an anarcho-capitalist meme coin, is positioned for significant growth as it aims to inject political humor into the cryptocurrency space while offering attractive benefits to investors.
Investors can save like Milei by investing in $MEDA, which provides unique decentralized finance, NFTs, and no transaction tax. The project, which parodies Argentine president Javier Milei, gained tremendous support during its pre-sale, with over $68 million worth of tokens sold. Milei Moneda stands out from other meme coins due to its excellent tokenomics, including a deflationary token model with a supply cap of 500 million, promoting long-term price growth. Analysts predict that the price of $MEDA could increase up to 50 times by the end of 2024, aiming for a market capitalization of over $1 billion.
Milei Moneda aims to become one of the top altcoins, combining the fun community engagement of meme coins with practical utility. Investors can benefit from $MEDA’s price movements and staking tokens, and the platform plans to add decentralized financial services in the future.
In response to the SEC’s notice, Uniswap’s chief legal officer, Martin Ammori, emphasized that for the SEC to take legal action, they would need to redefine the concept of an exchange. Ammori pointed out that stablecoins, Ethereum, and Bitcoin represent the majority of trading volume on Uniswap, none of which are currently classified as securities. He accused the SEC of overstepping its authority.
Despite experiencing congestion issues on its blockchain, Solana saw a 20% price increase last week. The project has gained popularity in the DeFi sector and appears poised for further growth, especially if Ethereum exchange-traded funds are approved, which would generate excitement in the cryptocurrency market.
In summary, SOL and $MEDA present promising investment opportunities, with SOL potentially reaching a new all-time high in 2024 and $MEDA offering substantial returns to investors. However, it’s important to note that investing or trading cryptocurrencies carries a risk of financial loss, and the views expressed in this article are for informational purposes only and should not be considered as financial advice.
