UNI Surges 28% on SEC's Tokenized Equities Framework
The Uniswap (UNI) token saw a significant surge of 28% after the United States Securities and Exchange Commission's rollout of a provisional regulatory framework for tokenized US equities trading via permissioned automated market maker platforms.
This new structure enables compliant trading of tokenized equities using AMMs, aligning closely with Uniswap's existing permissioned pools technology. Although the SEC did not endorse Uniswap directly, this framework is considered a significant step in regulatory clarity for decentralized finance platforms handling real-world assets.
Crypto analyst Crypto Patel noted that UNI has jumped 285% from his previously recommended accumulation zone, with $9.50 as the next critical level. He argued that clearing this resistance could set targets at $14, $26, and possibly $50, while a failure to hold could place $5.40 as the main downside support.