@zasad@. However, if they do nothing and the SEC begins winning against Uniswap, Coinbase and other decentralized exchanges, similar to our argument before, the SEC can start requiring the cryptospace protocols to register with the government to get a broker license, a license to hold assets similar to a bank and for users they will demand KYC for each wallet used. This will certainly kill the purpose of DeFi.
Unfortunately, I am not familiar with the whole procedure of working with Wells notice, but I am sure that there is an active work in progress, but we will know the results later.
I remember the history of Uniswap, and this protocol was made by a US engineer who got into programming. The company is registered in the US and this is a problem for them.
I don't think that DeFi will stop developing under the pressure of SEC, it is more likely that the companies will leave the US market.