Largest Decentralized Crypto Exchange UniSwap is Under investigation by SEC

According to “people familiar with the situation,” the Wall Street Journal broke the storey on Friday. According to reports, enforcement attorneys are looking for information on how investors utilise Uniswap and how it is marketed.

The Securities and Exchange Commission (SEC) of the United States is apparently looking into Uniswap Labs, the firm behind the world’s largest decentralized cryptocurrency exchange.

The SEC’s chairman, Gary Gensler, stated last month that the agency could regulate decentralised financing (DeFi) projects. DeFi projects that reward members with valuable tokens or comparable incentives, regardless of how “decentralised” they claim to be, could be controlled, according to Gensler at the time.

According to a Uniswap Labs spokesman, the company is “committed to complying with the laws and regulations governing our sector, as well as giving information to regulators that will assist them with any inquiry.”

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