April 10 (Reuters) - The U.S. Securities and Exchange

Commission has notified of potential enforcement action against

Uniswap Labs, the main developer behind one of the world's

largest cryptocurrency exchanges, the company said in a blog

post on Wednesday.

The reason for the SEC's warning against Uniswap was not

immediately clear from the blog post, but can be pegged to the

regulator's campaign to apply U.S. securities law to the digital

asset-related companies like Coinbase.

The SEC declined to comment on the post.

The SEC's battle with Coinbase, the world's largest publicly

traded cryptocurrency exchange, rests on one core debate:

whether digital assets are investment contracts akin to stocks

or bonds that should be regulated by the SEC.

"Taking into account the SEC's ongoing lawsuits against

Coinbase and others as well as their complete unwillingness to

provide clarity or a path to registration to those operating

lawfully within the U.S., we can only conclude that this is the

latest political effort to target even the best actors building

technology on blockchains," the blog post read.

Uniswap is a crypto marketplace for decentralized finance or

DeFi developers, traders and liquidity providers. DeFi is an

open network and works on a peer-to-peer system, where

transactions are not routed through a centralized system such as

a bank or a brokerage.