{"id":545512,"date":"2023-08-02T15:00:36","date_gmt":"2023-08-02T15:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=545512"},"modified":"2023-08-02T13:31:25","modified_gmt":"2023-08-02T13:31:25","slug":"uniswap-delists-hex-token-after-sec-deems-it-an-unregistered-security","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/defi\/uniswap-delists-hex-token-after-sec-deems-it-an-unregistered-security\/","title":{"rendered":"Uniswap Delists HEX Token After SEC Deems It An \u201cUnregistered Security\u201d"},"content":{"rendered":"
Uniswap, the largest decentralized exchange, has removed the HEX token from its interface after it was recently declared an unregistered security by the United States Securities and Exchange Commission (SEC). This comes as another blow for the token in what has been an unpleasant week so far.\u00a0<\/span><\/p>\n This unfavorable run has had an impact on the price of HEX, which is currently valued at $0.00486457. According to <\/span>CoinGecko data<\/span><\/a>, the token\u2019s price has declined by more than 12% in the last day, as it continues in a downward trend.<\/span><\/p>\n Uniswap has delisted the HEX token from its interface, placing it in the protocol\u2019s “Unsupported List.” It is a list manually curated by Uniswap Labs – the developer of the protocol – to restrict tokens that violate trademarks, projects that have proven to be scams, or otherwise based on legal considerations.<\/span><\/p>\n Following the SEC\u2019s declaration on Monday, July 31, it appears that Uniswap is distancing itself from the HEX token. This declaration came when the financial regulator filed a lawsuit against Richard \u201cHeart\u201d Scheuler, the founder of HEX, PulseChain, and PulseX (a Uniswap fork).<\/span><\/p>\nUniswap Withdraws Support For \u201cUnregistered Security\u201d HEX<\/span><\/h2>\n