Earlier this month, decentralized crypto exchange Uniswap received a notice from the SEC that it intends to pursue an enforcement action, seeking information about Uniswap’s marketing and investor services ⚠️ https://cointelegraph.com/news/sec-reportedly-investigates-decentralized-exchange-uniswap
Uniswap delisted dozens of tokens and tokenized stocks from its trading platform in late July 2023, claiming mounting regulatory pressure from the SEC's heightened attempts to investigate the DeFi https://cointelegraph.com/news/uniswap-delists-100-tokens-from-interface-including-options-and-indexes
Six individuals filed a class-action lawsuit against the company in 2022, alleging it was at fault for their financial losses due to fraudulent tokens exchanged on the Uniswap DEX—the court determined that a person writing computer code should not be held accountable for the improper use of that platform by a third party🕯https://cointelegraph.com/news/judge-dismisses-class-action-suit-against-uniswap-over-token-scam-losses
According to some industry analysts, the matter is outside the purview of the SEC because Uniswap Labs releases open-source software for an open-source front end https://twitter.com/adamscochran/status/1778129726638530924
The specifics of the action Uniswap Labs is facing are still being worked out; the SEC does not comment on investigations that are still underway 🔍
One thing is clear - the SEC's impending lawsuit against Uniswap Labs will be a significant test for the emerging DeFi sector.
What are your thoughts on the ongoing investigation?
People familiar with the matter: The SEC is expected to reject Spot Ethereum ETF next month VanEck, ARK Investment Management, and seven other issuance have filed applications with the American SEC (SEC) to launch the Ethereum Spot ETF.
The SEC must decide on VanEck and ARK's applications on May 23 and May 24, respectively, and the two companies are among the first in the queue.
The S.E.C. is expected to reject the two companies' applications to launch Ethereum Spot ETF after frustrating talks with the companies in recent weeks, four people familiar with the matter said.
Affected by the news, the ETH fall broke through $3,100 and is now at $3,097.48, with an intraday fall of 4.61%, and the market Fluctuation large, please do a good job of risk control.