Will Canny is CoinDesk's finance reporter.
The legal actions against crypto exchanges appear to be an attempt by the SEC to influence policy makers and legislators, the bank said.
JPMorgan said the lack of approval this month is not a huge disappointment as it was widely expected by the market.by the U.S. Securities and Exchange Commission should not pose an obstacle to the eventual approval of spot etherThe popular trading platform received the notice – a preliminary warning from the regulator about potential enforcement action – on May 4, the company said in a filing on Monday.
“The Wells Notice against Uniswap and Metamask makes it clear that decentralized platforms are not exempted from the SEC’s objective to eventually supervise most of the crypto industry,” the report added.
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