America Securities and Alternate Fee (SEC) is reportedly investigating the startup behind the world's largest decentralized cryptocurrency trade, U
America Securities and Alternate Fee (SEC) is reportedly investigating the startup behind the world’s largest decentralized cryptocurrency trade, Uniswap.
The U.S. securities regulator has initiated a probe into Uniswap’s most important developer, Uniswap Labs, the Wall Avenue Journal reported Sept. 3.
The report says that enforcement attorneys at the moment are in search of details about Uniswap’s advertising and investor companies, citing nameless sources conversant in the matter.
A spokesperson for Uniswap Labs reportedly stated the agency is “dedicated to complying with the legal guidelines and rules governing our trade and to offering data to regulators that may help them with any inquiry.”
Uniswap is a decentralized trade that allows customers to swap between Ethereum-based cash and tokens with out a central entity. The trade is ranked as the biggest decentralized trade, with a $1.5 million buying and selling quantity over the previous 24 hours on the time of writing, in line with information from CoinMarketCap.
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cointelegraph.com