Crypto Updates

Judge Scraps Lawsuit against Uniswap, Calls ETH a Commodity

bitcoin hammer court law ruling

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 in April 2022 after falling victim to a scam. They purchased scam tokens on Uniswap between December 2020 and March 2022.

The plaintiffs argued that UniSwap Labs controlled its liquidity

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