The Securities and Exchange Commission (SEC) plans to take legal action against Uniswap, igniting a legal battle in the decentralized finance (DeFi) sector.

SEC officials have criticized the lack of regulations in DeFi, arguing that decentralization is often just a facade. Uniswap reacted by increasing fees from 0.15% to 0.25%, with some altcoins exempted.

These fees will help cover legal expenses for the impending SEC lawsuit, as shared by Dan Smith from Blockwork Research.

Legal battles with the SEC can be expensive and lengthy, as seen with Ripple's ongoing lawsuit that has cost over $200 million in defense.

Despite these challenges, Uniswap is committed to fighting the lawsuit. Meanwhile, TON Coin has reached a market value of $23 billion, breaking records and climbing to the ninth position in market value.

Despite market fluctuations, TON Coin remains resilient and has shown positive gains, with potential for further growth towards the $7.5 resistance line. However, a sharp drop in price could occur if key support levels are broken.