- This comes after the SEC said HEX is an unregistered security.
- The token can be traded through a decentralized protocol.
Decentralized exchange Uniswap has decided to remove the HEX token from its interface after the SEC determined it is an unregistered security, The Block reported.
The HEX token appears on a list of “unsupported” coins on the Uniswap platform, with a notation that the protocol blocks tokens that “violate trademarks, have been proven fraudulent or are legally inadmissible.”
Although Uniswap has removed the token from its service, that doesn’t mean it can’t be traded through the decentralized protocol, the delisting only happens externally.
All wallets on alternative hosting sites can still trade those tokens removed from the interface or interact directly with the protocol’s smart contract, The Block points out.
As of this writing, the HEX token is trading at $0.004, according to Coinmarketcap:
The SEC previously charged Richard Hurt and three companies under his control – Hex, PulseChain and PulseX – with unregistered offerings of cryptoasset securities.