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In response to the SEC probe and the 30 percent decline in UNI's price, Uniswap Labs introduces a new ERC-20 standard for cross-chain tokens.

Bitcoinist LogoBitcoinist2w ago

In response to the SEC probe and the 30 percent decline in UNI's price, Uniswap Labs introduces a new ERC-20 standard for cross-chain tokens. - Bitcoinist

Quick Summary:

Uniswap Labs, the software development company behind the decentralized exchange (DEX) Uniswap, was served with a Wells Notice by the US Securities and Exchange Commission (SEC) on Wednesday, which could result in an Enforcement Action.

By adhering to this ERC standard, users can reportedly sign cross-chain orders that conform to a unified specification.

The announcement also notes that the proposed standard establishes rules at Ethereum’s application layer, allowing independent intent-based systems to “interoperate easily.

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In response to the SEC probe and the 30 percent decline in UNI's price, Uniswap Labs introduces a new ERC-20 standard for cross-chain tokens. - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-12 @ 03:00:16 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 573 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 20669442

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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  • URL: https://beamstart.com/news/uniswap-labs-counters-sec-probe-17129111492618

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