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Prices of tokens associated with DeFi outperformed most other categories the day after the election, according to tracker CoinGecko. Some of the largest DeFi coins by market value include UNI, the governance token of decentralized exchange Uniswap, and AAVE, the crypto from the namesake DeFi lender.
Regulators and law enforcement in the US have gone after several companies associated with the DeFi sector, which has big ambitions to replace — or at least compete with — Wall Street one day. Uniswap Labs, the developer of Uniswap exchange, received a Wells Notice from the Securities and Exchange Commission in April. The SEC also sued Consensys, the operator of the popular crypto wallet MetaMask, in June. Those types of concerns could go away under the administration of crypto-supporter Trump. Or so the thinking goes. “The SEC and CFTC will likely withdraw or settle many of their ongoing lawsuits and investigations against crypto industry
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