Judge Scraps Lawsuit against Uniswap, Calls ETH a Commodity

United States District Court judge for the Southern District of New York, Katherine Polk Failla, who is also hearing the lawsuit of the Securities and Exchange Commission (SEC) against Coinbase, has recently dismissed a class-action suit against Uniswap Labs and its CEO, foundation and venture capital backers.

Six crypto investors filed a class action lawsuit against the decentralized cryptocurrency exchange
Decentralized Cryptocurrency Exchange

A decentralized cryptocurrency exchange operates as a cryptocurrency exchange that operates outside of the purview of a centralized authority. Additionally, users’ funds are not kept inside of the exchange under the care of a single entity. Instead, trades on a decentralized exchange are peer-to-peer; that is, they occur directly between traders through an automated process. There are a number of automated processes on which decentralized exchanges are built. One of these involves the creation o

A decentralized cryptocurrency exchange operates as a cryptocurrency exchange that operates outside of the purview of a centralized authority. Additionally, users’ funds are not kept inside of the exchange under the care of a single entity. Instead, trades on a decentralized exchange are peer-to-peer; that is, they occur directly between traders through an automated process. There are a number of automated processes on which decentralized exchanges are built. One of these involves the creation o
Read this Term in April 2022 after falling victim to a scam. They purchased scam tokens on Uniswap between December 2020 and March 2022.