Uniswap Labs is Being Inspected by the SEC
Uniswap Labs, in charge of creating the biggest open cryptocurrency exchange, has been reported to be under investigation by the SEC (the US Securities and Exchange Commission)
The investigation is being conducted in sectors of marketing and how Uniswap is being utilized by investors, while The Wall Street Journal mentioned individuals already informed in regards to the case.
It was reported in August by Gary Gensler that regulation is on the way for DeFi projects respectively said projects that utilize the token incentive-based system. SEC Chairman assured that regulation is still underway regardless of the level of decentralization.
The full corporation is assured by Uniswap Labs as disseminated by a spokesperson making sure that the regulators will not see any issue of compliance by the company. However, any rumor of investigation was neither confirmed nor denied by the agency.
No malpractice has been reported thusfar.
Also read: Upcoming Bitcoin Bullish Stage is Being Tried By a Price Drop in the $48K Springboard