The U.S. Securities and Exchange Commission (SEC) is showing no signs of slowing its crackdown on cryptocurrency exchanges as Uniswap Labs, the main developer behind Uniswap – the top decentralized exchange (DEX) – received a Wells Notice from the regulator, indicating that a lawsuit against the platform is imminent. A Wells notice is a formal notification issued by the staff of a regulatory body to inform a company or individual that the staff has completed its investigation and intends to recommend that the Commission take enforcement action against them.