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Regulatory overreach is one of the problems plaguing the cryptocurrency market as the SEC increases scrutiny. Uniswap Labs, which runs Uniswap (UNI) DEX, responded to an SEC Wells Notice they received in April. Meanwhile, Algotech (ALGT) gets a new stream of buyers before the presale ends.
Explore Uniswap’s (UNI) response and Algotech’s (ALGT) blockchain ICO.
Uniswap (UNI) has displayed resilience in registering significant Uniswap price growth despite the regulatory challenges against it. Uniswap price surged from $6.88 to $9.67 between May 15 and May 22, as Uniswap (UNI) responded to the SEC’s Wells Notice.
On May 21, 2024, Uniswap Labs, the developers of Uniswap (UNI), responded to the SEC’s Wells Notice issued in April. The sternly worded blog post urged the SEC to reconsider pursuing legal enforcement against Uniswap (UNI), arguing that it was based on the assumption that every crypto was a security rather than a file representing value.
Following the publication of the notice, Uniswap price jumped from $9.33 to $9.67 the next day.
Furthermore, Uniswap (UNI) pointed out to the SEC that its claims of its wallet being a broker were weak, given that the courts had already dismissed such claims in the SEC V Coinbase lawsuit. Uniswap (UNI) owners claimed they were ready to go to court and were confident of success, given that its legal team had won against the SEC in other cases.
At the same time, Uniswap Labs urged the SEC to change its approach to crypto regulation, claiming it was killing innovation and sending US customers to foreign platforms.
Moreover, Uniswap Labs reminded the SEC that if the Financial Innovation and Technology For The 21st Century bill passed, their case would be irrelevant, as the regulatory agency for the crypto industry may be the CFTC.
With a bullish market sentiment on Uniswwap (UNI), Uniswap price prediction indicates it may rise to $11 by the end of the year.
Algotech (ALGT) Investors Swarm In The Last Presale Lap Before Launch
Algotech’s (ALGT) token presale has been wildly successful, given that it raised $5 million in only three rounds of its public presale as crypto enthusiasts recognized its novel decentralized crypto trading platform. As the presale enters its last round, Algotech (ALGT) investors are happy that it may surpass its earlier estimated launch price.
Algotech (ALGT) gained popularity for its outstanding trading features and profit potential to its ICO investors. Specific highlights of its features that led to its high demand are its automation technology, focus on risk management and transparency, and robust technical infrastructure. These features ensure that Algotech (ALGT) empowers traders to maximize profits.
Algotech’s (ALGT) public presale started with pomp after its private sale attracted over $1.1 million in two days. Crypto enthusiasts jumped at the low introductory price and the opportunity for a massive ROI and other rewards. Amidst an ongoing market downturn, Algotech (ALGT) became the best crypto to buy for savvy investors seeking profits.
Algotech’s (ALGT) public presale is in its final stage before it launches on crypto exchanges. Early Algotech (ALGT) buyer’s portfolios are 100% profitable after a price jump to $0.08 from the invitational $0.04 price. New investors still have room for profit, making the final stage an exciting time to participate in the presale.
With an anticipated 87.5% profit when Algotech (ALGT) reaches its DEX launch price, it is time for all late adopters to buy Algotech (ALGT).
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