With just months left until the US election, President Biden is once again coming under pressure with his strict anti-crypto policies. Uniswap CEO Hayden Adams has urged President Biden to change course and recall the SEC bloodhounds.
SEC challenge to Uniswap prompts CEO to intervene
News that the SEC has served Uniswap with a Wells Notice, questioning the leading crypto exchange’s legitimacy as a securities broker, was met with combative words from CEO Hayden Adams. In a recent post on Twitter, Adams accused President Biden of dismissing crypto as irrelevant to the upcoming election and allowing the SEC to wage all-out war on the industry.
In addition to urging President Biden to change course before it’s too late and recall the SEC, Adams is also a strong advocate for protecting Uniswap’s UNI token and its value. It remains to be seen how this latest legal challenge and Adams’ intervention will affect President Biden’s fate and Uniswap.
PancakeSwap’s V4 release inspires investor confidence
PancakeSwap’s recent V4 release stood out in the DeFi sector, largely thanks to the 3 million USD CAKE token airdrop that boosted user engagement. While the V4 release significantly improved the platform’s functionality, PancakeSwap quickly rose to the forefront of altcoin investors’ consciousness as it promised to streamline operations and reduce costs.
These efficiency improvements are driven by improved platform architecture and a unique flash accounting system, demonstrating PancakeSwap’s continued commitment to innovation. With a price increase of over 40% in the last 12 months, experts believe a similar increase is likely by 2025, which would help PancakeSwap rise above the $3 mark again.
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