SEC investigating against Uniswap : Reports

According to reports, the Securities and Exchange Commission is investigating Uniswap.

Recently, Gary Gensler, chair of SEC, said that there are numbers of Defi platforms which are centralized and they are in the control of the developers but they should be autonomous. So Defi platforms needed to register with the SEC and perfect regulation and framework needed on such kinds of platforms. Probably this is a part of the Investigation by the SEC.

Related: DeFi projects to register with the SEC : Gary Gensler

According to the Wall Street Journal report on Friday, the Securities and Exchange Commission initiated an Investigation case against Uniswap exchange.

Uniswap Exchange is the largest decentralized platform of the crypto space. And the developer team behind the Uniswap project is Uniswap Lab. 

Since not everything is official whether what is the actual thing that SEC wants to find out but as per report, SEC will find out marketing and investor services of Uniswap Exchange that how they handle. And figure out how Uniswap is working autonomously.

Probably, SEC wants to understand the genuine things that happen in the DeFi platforms. So that they can use their investigated study on the other Defi platform which are not genuine.

Spokesperson of the Uniswap exchange claimed that they are already in full cooperation with the regulators and they welcomed any kind of Investigation.

“committed to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.”

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