Altseason on the Horizon: SEC Targets Uniswap and BTC Halving News

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Altcoin season is approaching as the SEC focuses on Uniswap and Bitcoin halving countdown. The SEC issues a Wells notice to Uniswap, indicating potential enforcement action. Altcoin market cap remains steady despite Bitcoin's price fluctuations. Traders can use altcoin market capitalization and Bitcoin dominance charts to identify potential bull seasons for altcoins.

SEC issues Wells notice to DeFi protocol Uniswapto decentralized exchange Uniswap on April 10. A Wells notice is a formal indication from the SEC that it plans to recommend enforcement action. The SEC has been investigating Uniswap Labs, the main developer behind Uniswap, since 2021. In response to increasing regulatory scrutiny, the platform has previously removed several tokens from its listing. The DEX’s native token, Uniswap ,, according to market analysts.

“The banks will backdoor themselves into stablecoins and they’ll lobby for stablecoin legislation and make it happen along the way.” “Bitcoin now has a place at the table alongside gold, farmland, and other alternative assets. Back up five years ago, and there is no chance that Bitcoin would even make the first cut for consideration. That’s big progress.”

Currently, Bitcoin finds it challenging to hold its ground above the $70,000 threshold. Yet, certain analysts believe that the recent U.S. inflation figures — showing unexpected resilience — and the unsustainable U.S. government fiscal trajectory create an ideal backdrop for investing in scarce assets.

 

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