U.S. SEC investigates crypto exchange developer Uniswap Labs – WSJ
(Reuters) – The U.S. Securities and Exchange Commission (SEC) is investigating Uniswap Labs, the precept developer behind one among many world’s largest cryptocurrency exchanges, Uniswap, the Wall Street Journal reported on Friday https://www.wsj.com/articles/regulators-investigate-crypto-exchange-developer-uniswap-labs-11630666800?mod=latest_headlines, citing of us conversant within the matter.
Enforcement attorneys are in quest of additional data on how merchants use Uniswap and the fashion via which it is marketed, the report talked about.
Uniswap did not immediately reply to a Reuters request for comment.
SEC’s probe into Uniswap Labs comes amid heightened regulatory curiosity into cryptocurrencies and the digital asset market, with Chair Gary Gensler calling on Congress last month https://www.reuters.com/know-how/us-sec-chair-gensler-calls-congress-help-rein-crypto-wild-west-2021-08-03 to supply the corporate additional authority to larger police crypto shopping for and promoting and lending.
Uniswap is a crypto marketplace for decentralized finance or DeFi builders, retailers and liquidity …