U.S. Court Dismisses Uniswap Lawsuit, Supports DeFi as Ether is Deemed a Commodity
TL;DR
A New York court has dismissed a proposed class action lawsuit against decentralized crypto exchange Uniswap, ruling that the true defendants were the issuers of "scam tokens" and not Uniswap itself. The court classified popular cryptocurrencies Ethereum (ETH) and Bitcoin (BTC) as commodities while dismissing the lawsuit, even as the SEC has not officially done so. The court's opinion on the dismissal could impact future litigation against decentralized protocols and cases alleging violation of U.S. securities laws. The judge overseeing the case also handles the SEC lawsuit against Coinbase.
- U.S. Court Calls ETH a Commodity While Tossing Investor Suit Against Uniswap CoinDesk
- Uniswap lawsuit judge calls Ether a commodity in dismissal order Cointelegraph
- Uniswap Win Securities Lawsuit. Judge Supports DeFi Crypto Briefing
- Uniswap Lawsuit Dismissed: DeFi Crypto Exchange Not Liable for ‘Scam Tokens’ Decrypt
- Judge Dismisses Uniswap Scam Token Case in Another Crypto Court Victory CryptoPotato
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