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[Yugocean]

Judge Katherine Polk Failla has dismissed a class action lawsuit brought against Uniswap for releasing Scam tokens.

According to Judge Failla, since Uniswap is a decentralised piece of software, there isn't a defendant who might be charged under the existing crypto regulations.

Although the SEC did not bring that action, Katherine Polk Failla, the judge in charge of the SEC v. Coinbase case, has indirectly surprised the SEC with her decision.​

 

[BaleegNajar]

Judge Failla's decision reflects the complex nature of decentralized platforms like Uniswap. The dismissal suggests the challenge in applying traditional legal frameworks to decentralized software. This outcome might prompt discussions about updating regulations to better address emerging issues in the crypto space. The evolving legal landscape will likely be shaped by cases like these as regulators seek to adapt to the nuances of decentralized technologies.

 

[IB DD]

The wise judge also opined that it's not appropriate to hold Uniswap responsible for the action of individual persons within the network. You can't blame a payment platform for what individuals choose to do with money sent to do with money sent to them using the platform.

For instance, my friend sends me money through Paypal for a particular thing. I used the money to womanize. How would PayPal take the blame?

 

[GoldenLady]

The wise judge also opined that it's not appropriate to hold Uniswap responsible for the action of individual persons within the network. You can't blame a payment platform for what individuals choose to do with money sent to do with money sent to them using the platform.

For instance, my friend sends me money through Paypal for a particular thing. I used the money to womanize. How would PayPal take the blame?

Nice analysis of this, and that's really one of the advantages of Defi.

Individuals are responsible for their actions and no one should take the hit for them.

The SEC can be very persistent though, just like we've seen with Binance CEO, CZ.

 

[IB DD]

Nice analysis of this, and that's really one of the advantages of Defi.

Individuals are responsible for their actions and no one should take the hit for them.

The SEC can be very persistent though, just like we've seen with Binance CEO, CZ.

It is like the SEC is not getting it's acts right. They have prosecuted so many crypto projects and entities and have lost close to 70% of those cases. This case was clear that Uniswap didn't have any case to answer here. I understand that they are trying to protect investors but they should do it the proper way.

 

[Gamer01]

I think the one who thought of putting a case against a decentralized company never did any research about the type of commonly and that is what made them go to court else a common opinion would had saved the time of the court actually indeed