DeFi
DeFi Exchange Creator Uniswap Labs Says SEC Warns of Lawsuit (1)
<-bsp-bb-link state="{"bbHref":"bbg://securities/1794260D%20US%20Equity","_id":"0000018e-c9b9-d32b-a5ff-dbb996160000","_type":" 0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Uniswap Labs-bsp-bb-link>, the creator of the largest <-bsp-bb-link state="{"bbHref":"bbg://news/ topic/DEFI","_id":"0000018e-c9b9-d32b-a5ff-dbb996160001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">decentralized-bsp-bb-link> trading platform on <-bsp-bb-link state="{"bbHref":"bbg://news/topics/ETHEREUM","_id":"0000018e-c9b9-d32b-a5ff-dbb996160002","_type":"0000016b- 944a-dc2b-ab6b-d57ba1cc0000"}">Ethereum-bsp-bb-link>, said the United States Securities and Exchange Commission has warned that it faces potential enforcement action for operating as an unregistered exchange and broker-dealer.
The SEC’s Enforcement Division served Uniswap with a Wells Notice, informing the company that it plans to recommend legal action against it, the company said in a statement. Blog statement. A representative for the SEC declined to comment.
Chairman Gary Gensler has long stated that decentralized crypto exchanges are not truly decentralized and fall under his purview. Claims that Uniswap is…