Today @Uniswap Labs received a Wells notice from the SEC.
I’m not surprised. Just annoyed, disappointed, and ready to fight.
I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than working to create clear, informed rules, the SEC has decided to focus on attacking long-time good actors like Uniswap and Coinbase. All while letting bad actors like FTX slip by.
When I first set out to build Uniswap, the goal wasn’t to reimagine finance.
It was an experiment in radically decentralized, fully automated onchain markets. I didn’t know if it would work or if anyone would use it.
Fast forward to today, the Uniswap Protocol has processed over $2 trillion in volume. Many thousands of teams and developers have forked our code or built on top of it. We built entirely new financial infrastructure that is transparent, fair, secure, and accessible powering an entire industry.
The team at @Uniswap did all of this in the US from our office in New York City.
People often ask me why we stay in the US and my answer is simple: I believe that blockchain is incredibly powerful technology. Like the Internet, it’s here to stay. So someone needs to figure it out, and it might as well be us.
And that when you build technology that improves people’s lives – you don’t need to hide.
The @SEC’s mission is “protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.” This is a noble mission. I would argue @Uniswap does a far better job of this today than the SEC.
Yes, I'm frustrated that the SEC seems to be more concerned with protecting opaque systems than protecting consumers. And that we'll have to fight a US government agency to protect our company and our industry.
This fight will take years, may go all the way to the Supreme Court, and the future of financial technology and our industry hangs in the balance. If we stand together we can win.
I think freedom is worth fighting for. I think DeFi is worth fighting for.
And of course, we won’t stop shipping. Stay tuned
🦄💜
@Thecryptomist How about a retweet for a small charity that helps disabled individuals get access to life changing technology and accepts crypto donations?
https://t.co/nyIEiBO034
🔍 @Google now shows Ethereum Name Service (ENS) data in search results via @etherscan, providing easy access to wallet balances and transaction details.
So far, #Cardano resembles the pattern observed from 2018 to 2021.
Should this fractal continue, anticipate $ADA to consolidate in the $0.55 to $0.80 range in the coming weeks, followed by a surge to $1.70. After this upswing, expect a period of further consolidation, setting the stage for a breakout to $5.
#BTC
In 4 days, Bitcoin will officially enter the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun
Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving
In 2020, this retrace was -20% deep
In 2016, this retrace was -40% deep
Currently, $BTC is 32 days away from the Halving and has pulled back -11% this week
#Crypto #Bitcoin
🚀 Pandoshi Wallet Has Been Released! 🚀
We are excited to share some exciting news with the Community! 🎉 #Pandoshi Wallet, a key component of our ecosystem, has officially been launched on the Play Store for all Android users! This marks a significant milestone in our journey, and we couldn't be prouder of how far we've come thanks to your constant support and belief in our vision.
🔗 https://t.co/cSA067o0HM
For our iOS users, hold tight - we'll be bringing Pandoshi Wallet to your devices very soon. Stay tuned for the upcoming announcement. 🐼🚀
Our progress has been phenomenal, and we're actually moving ahead of our roadmap! This means you can expect more innovative products and features to be rolled out in the near future. We are committed to delivering the best, and it's all happening faster than we anticipated.
The #BTC Bottoming Out Candle 3 year is coming to an end, according to Four Year Cycle principles
But a new Confirmed Trend Reversal Candle 4 is set to form next
So what should we pay attention to in 2024?
A thread...
$BTC #Crypto#Bitcoin
Anyone who uses the referral link with @SimpleSwap_io will get $50 in BTC for their first successfully finished exchange
#freecrypto#BTC
https://t.co/EReayK0T1K
over 112% move from the lows on $SOL in a clear V reversal 5 wave impulsive move, one of the clearest i can see across the board actually.
over the coming weeks id anticipate an abc correcting that whole run, probs between 25-35% but itll likely be a dip to buy