US Court gave strong message by dismissing lawsuit against Uniswap Judge Katherine Polk Failla, the federal judge of the South District of New York court, has dismissed a class action lawsuit against Uniswap, this will create more changes.
**Decentralised platform is Not Guilty** The lawsuit charged Uniswap with issuing scam tokens; however, judge Failla found that Uniswap is just software, which is of a decentralised nature, self driving nature makes it lawful, but currently there are no regulations to consider Uniswap as well as its investor paradigm as defendants.
**Regulations are required or users are at own risk** This judgement clearly means that people using decentralised platforms are at their own risk, so users should be extra careful while dealing with open-source developers. Anyway, decision on Uniswap case has also provided politicians a reason to entrefer in the crypto sector.
**Nightmare for SEC, Sweet Dreams for Coinbase?** The case of SEC v. Coinbase is in Judge Failla's court. Although Coinbase is a centralised platform, the SEC lacks any regulation. The crypto community is already seeing Uniswap's decision as a pre-win for Coinbase, while the SEC is already in trouble after losing to Ripple and Grayscale. Brought to you by Yugocean, originally posted here. https://www.publish0x.com/crypto-champion/us-court-gave-strong-message-by-dismissing-lawsuit-against-u-xoqllgl?a=J0dNLOr8aL
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