Main Points Related to Bitcoin, web3, Ethereum, and Cryptocurrency:
- Uniswap settles with the CFTC over illegal digital asset derivatives trading.
- Uniswap Labs fined $175,000 for unlawfully offering leveraged and margined retail commodity transactions.
- Uniswap’s native token UNI was up over 5% despite the settlement.
- Second enforcement action hits Uniswap with a Wells Notice from the SEC alleging federal violations.
- A broader inquiry by American regulators into decentralized finance and cryptocurrencies is underway.
- Regulatory focus on DeFi activity continues with the CFTC’s action against Uniswap.
- Operation Choke Point 2.0 aims to remove crypto from the U.S. financial system and business economy.
- Other companies, like OpenSea and Galois Capital, also face regulatory scrutiny from the SEC.
Uniswap Settlement with the CFTC
Uniswap, a decentralized exchange, has settled with the Commodity Futures Trading Commission for illegal digital asset derivatives trading. The entity behind Ethereum’s largest DEX, Uniswap Labs, was accused of unlawfully offering leveraged and margined retail commodity transactions. Despite the settlement, Uniswap’s native token UNI saw a gain of over 5% at the time of the press.
Second Enforcement Action and Regulatory Inquiry
Uniswap faces another enforcement action with a Wells Notice from the SEC alleging federal violations. This comes as part of a broader inquiry by American regulators into decentralized finance and cryptocurrencies. The CFTC’s focus on DeFi activity continues with its action against Uniswap, while Operation Choke Point 2.0 aims to remove crypto from the U.S. financial system and business economy.
