Uniswap Labs Beset By Regulators For Building a Decentralized Exchange

Uniswap Labs, the firm behind the world's most popular decentralized exchange, is under fire from a variety of regulators. From a report: If regulators want to throw a giant monkey wrench into the crypto economy, making people afraid to use Uniswap would be a great way to do it. Uniswap Labs today agreed to a $175,000 settlement with the CFTC, while some of its chief investors received subpoenas from the New York Department of Financial Services. The CFTC settlement concerned trading for various tokens that represent leveraged trades on leading crypto assets, such as bitcoin (BTC) and ETH. This all comes after the SEC previously served Uniswap Labs with a Wells Notice, which indicates that it's likely to take legal action.

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