The post Uniswap Cleared of Fraud Charges in Rugpull Case by New York Court! appeared first on Coinpedia Fintech News
In a landmark ruling yesterday, the Southern District Court of New York dismissed the indictment against Uniswap, a popular decentralized finance (DEFI) protocol. The court deemed that the current securities laws do not adequately address the liability of the protocol itself when it comes to fraudulent activities conducted by users on the platform. This ruling has the potential to impact the application of securities laws to DEFI, far more than the recent Ripple or TerraForm Labs cases. It will be interesting to see how this ruling affects the regulatory landscape surrounding DEFI in the coming months.
