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Fortune

Ben Weiss

A federal judge dismissed a lawsuit against Uniswap. What does it mean for the SEC’s case against Coinbase?

Coinbase SEC Uniswap Katherine Polk Failla Lawsuit Fortune Tornado Cash Crypto Yesha Yadav

Mary-Catherine Lader, COO, Uniswap Labs speaks onstage during TechCrunch Disrupt 2022. (Credit: Kelly Sullivan—Getty Images for TechCrunch)

On Tuesday, a federal judge decided to throw out a class-action lawsuit against the decentralized crypto exchange Uniswap.

Crypto Twitter/X heralded the decision as a win for the industry, but the case’s dismissal occurred in a lower federal court, did not involve a federal agency (e.g. the Securities and Exchange Commission), and was not a marquee piece of crypto-related litigation that onlookers were watching with bated breath.

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