{"id":21417,"date":"2024-05-28T17:00:07","date_gmt":"2024-05-28T14:00:07","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21417"},"modified":"2024-05-28T16:25:42","modified_gmt":"2024-05-28T13:25:42","slug":"uniswap-prepares-for-sec-battle-reveals-financials","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/","title":{"rendered":"Uniswap Prepares for SEC Battle, Reveals Financials"},"content":{"rendered":"<p>Before the community moves to vote to enable and distribute fees independently, the charity behind <strong>Uniswap<\/strong>, the <strong>Uniswap Foundation<\/strong>, recently looked over its financials.<\/p>\n<p>A financial sheet the foundation provided shows that at the conclusion of the first quarter, it had 730,000 UNI tokens in addition to $41.41 million in cash and stablecoins. The UNI tokens are allocated for employee awards; the cash and stablecoins are set aside for grant commitments and operational activities.<\/p>\n<p>UNI token holders will vote for a new fee system later this week that will move some incentives from the liquidity providers of the decentralized exchange to its token holders instead.<\/p>\n<p>Should approval be granted, the proposal will hand the mainnet <a href=\"https:\/\/docs.uniswap.org\/contracts\/v3\/reference\/core\/interfaces\/IUniswapV3Factory\"><strong>UniswapV3Factory<\/strong> <\/a>to a new V3FactoryOwner contract, based on past snapshot votes, most likely. A second vote, not yet planned, will implement the new fee distribution scheme.<\/p>\n<p>This coincides with the <strong>Uniswap Foundation<\/strong> being ready to battle the U.S. <a href=\"https:\/\/coinengineer.net\/blog\/trump-election-win-could-impact-sec-crypto-lawsuits-experts-weigh-in\/\">Securities and Exchange Commission<\/a> (SEC). The Foundation received a Wells notification from the SEC lately indicating that it plans to be recommended for future enforcement action.<\/p>\n<p>Arguing they are investment contracts and claiming they violate securities rules, the Wells Notice targets <strong>Uniswap&#8217;s<\/strong> <strong>UNI<\/strong> and LP tokens. <strong>Uniswap Labs<\/strong> contests this, claiming LP tokens are only bookkeeping tools, and the SEC lacks jurisdiction.<\/p>\n<p><strong>Uniswap<\/strong> also contends that it falls short of the SEC&#8217;s basic term for an exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before the community moves to vote to enable and distribute fees independently, the charity behind Uniswap, the Uniswap Foundation, recently looked over its financials. A financial sheet the foundation provided shows that at the conclusion of the first quarter, it had 730,000 UNI tokens in addition to $41.41 million in cash and stablecoins. The UNI<\/p>\n","protected":false},"author":6,"featured_media":21418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[39,6428],"class_list":["post-21417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sec","tag-uniswap-foundation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uniswap Prepares for SEC Battle, Reveals Financials - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Uniswap discloses financials ahead of crucial vote on new fee distribution system and prepares to challenge SEC&#039;s enforcement action.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap Prepares for SEC Battle, Reveals Financials - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Uniswap discloses financials ahead of crucial vote on new fee distribution system and prepares to challenge SEC&#039;s enforcement action.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T14:00:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T13:25:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1040\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/\",\"name\":\"Uniswap Prepares for SEC Battle, Reveals Financials - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg\",\"datePublished\":\"2024-05-28T14:00:07+00:00\",\"dateModified\":\"2024-05-28T13:25:42+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Uniswap discloses financials ahead of crucial vote on new fee distribution system and prepares to challenge SEC's enforcement action.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg\",\"width\":2000,\"height\":1040,\"caption\":\"Uniswap\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uniswap Prepares for SEC Battle, Reveals Financials\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uniswap Prepares for SEC Battle, Reveals Financials - Coin Engineer","description":"Uniswap discloses financials ahead of crucial vote on new fee distribution system and prepares to challenge SEC's enforcement action.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/","og_locale":"en_US","og_type":"article","og_title":"Uniswap Prepares for SEC Battle, Reveals Financials - Coin Engineer","og_description":"Uniswap discloses financials ahead of crucial vote on new fee distribution system and prepares to challenge SEC's enforcement action.","og_url":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/","og_site_name":"Coin Engineer","article_published_time":"2024-05-28T14:00:07+00:00","article_modified_time":"2024-05-28T13:25:42+00:00","og_image":[{"width":2000,"height":1040,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/","url":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/","name":"Uniswap Prepares for SEC Battle, Reveals Financials - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg","datePublished":"2024-05-28T14:00:07+00:00","dateModified":"2024-05-28T13:25:42+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Uniswap discloses financials ahead of crucial vote on new fee distribution system and prepares to challenge SEC's enforcement action.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Untitled-design-25.jpg","width":2000,"height":1040,"caption":"Uniswap"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/uniswap-prepares-for-sec-battle-reveals-financials\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Uniswap Prepares for SEC Battle, Reveals Financials"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=21417"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21417\/revisions"}],"predecessor-version":[{"id":21419,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21417\/revisions\/21419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/21418"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=21417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=21417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=21417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}