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The DeFi Education Fund and venture capital firm a16z have urged the SEC to establish a regulatory safe harbor for blockchain applications like Uniswap and Coinbase Wallet. Their proposal aims to clarify broker rules, allowing non-custodial and decentralized applications to operate without the burden of broker-dealer regulations.
Bancor has initiated a lawsuit against Uniswap, claiming that the latter has infringed on its 2017 patent related to decentralized exchange (DEX) smart contract technology that facilitates automated token swaps without intermediaries. Uniswap has responded, asserting that the lawsuit is without merit and that its code has been publicly available for years.
Uniswap, the largest Ethereum-based decentralized exchange, has integrated support for Solana, allowing users to trade tokens from both ecosystems on a single platform. This development aims to simplify the user experience by eliminating the need for complex bridges and multiple wallets, thereby addressing DeFi fragmentation between Ethereum and Solana. Users can now access the speed and low costs of the Solana network through the familiar Uniswap interface.