DeFi
DeFi Exchange Creator Uniswap Labs Says SEC Sent It Lawsuit Warning
- The SEC sees decentralized exchanges as under its purview
- Uniswap Labs said it will fight any agency action: executive
This article is for subscribers only.
Uniswap Labs, the creator of the largest decentralized trading platform on Ethereum, said the US Securities and Exchange Commission has warned that it faces a potential enforcement action for operating as an unregistered exchange and broker dealer.
The SEC’s Enforcement Division served Uniswap with a Wells Notice, notifying the company that it plans to recommend a legal action against it, the firm said in a blog statement. A representative for the SEC declined to comment.