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Uniswap Labs accused by the SEC?

To air the hypothesis is the Wall Street Journal

The Securities and Exchange Commission (SEC) of the United States has begun to investigate Uniswap Labs, the company that operates the decentralized exchange Uniswap.
This is stated by a report from Wall Street Journal, who cites sources who are somewhat familiar with the company in question. In particular, the US financial market supervisory authority is seeking to obtain information on how investors use the trading platform and how it is marketed.

Uniswap - Uniswap Labs accused by the SEC?

The SEC has so far declined to comment on the rumors

As for the SEC, the institution has so far refused to comment on the indiscretion launched by the Wall Street Journal. In any case, a forthcoming stance by the agency, which confirms or denies what the financial daily has affirmed, cannot be ruled out.
As for Uniswap, a spokesperson for Uniswap stated that the company is committed to complying with the laws and regulations governing the sector. In addition to being willing to provide the information requested by the regulatory authorities and willing to comply with every possible request.

About Uniswap

Uniswap is a decentralized exchange protocol which is the basis of the homonymous exchange based on Ethereum and which allows anyone to exchange ERC-20 tokens, without the intervention of intermediaries.
Over the time since its debut on the crypto scene, it has managed to become a major player in the decentralized finance ecosystem (DeFi). That is the one that proposes the elimination of centralized intermediaries in traditional financial products, such as loans, insurance and derivatives, through the use of decentralized and non-decentralized applications that do not need to be held.

The largest decentralized exchange

Uniswap is currently the largest decentralized exchange in the industry. Over the past 24 hours alone, it has generated more than $ 1,5 billion in trading volume, according to data from CoinGecko.
Now in its third version, it is expected to continue its growth and even accelerate it in the near future. Precisely in light of the fact that decentralized finance seems to have the potential to give life to an extraordinary success. Of which the company intends to be one of the main protagonists.

The words of Gary Gensler

From the few reports filtered so far, it can still be said that the investigation is in its initial phase and could ultimately not lead to formal accusations relating to offenses of any kind.
However, it should be noted that in August the president of the Securities and Exchange Commission, Gary Gensler, has released interesting statements on decentralized finance in the course of an interview granted to the Wall Street Journal. In which he argued that DeFi projects such as Uniswap could ultimately fall within the purview of regulators. Also remembering that if the software used is open source, at the same time it is also characterized by the existence of governance and commissions, as well as an incentive structure for promoters and sponsors.
While during a meeting of theAspen Security Forum he claimed that such projects were capable of violating not only US securities laws but also commodity and banking laws. Affirmations that have widened the gap between Gensler and the cryptofans, who also greeted his appointment with enthusiasm. Expecting openings towards digital innovation, such as the approval of the first ETF Bitcoin which, to date, however, have never arrived.

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Dario Marchetti

I have a degree in Literature and Philosophy from the Sapienza University of Rome, with a thesis on the eastern border of Italy at the end of the First World War. I have collaborated with several sites on many issues and led the work group that published the official CD-Rom of the SS Lazio "History of a love" and "Photographic History of Magical Rome".

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