October 28, 2021

PC TECH THERAPY

PC Tech Therapy Blog by Daniyal Computer

SEC reportedly investigates decentralized change Uniswap

1 min read



The USA Securities and Change Fee (SEC) is reportedly investigating the startup at the back of the arena’s biggest decentralized cryptocurrency change, Uniswap.

The U.S. securities regulator has initiated a probe into Uniswap’s major developer, Uniswap Labs, the Wall Side road Magazine reported Sept. 3.

The file says that enforcement lawyers at the moment are in search of details about Uniswap’s advertising and marketing and investor services and products, bringing up nameless assets conversant in the topic.

A spokesperson for Uniswap Labs reportedly stated the company is “dedicated to complying with the regulations and rules governing our business and to offering data to regulators that can lend a hand them with any inquiry.”

Uniswap is a decentralized change that allows customers to switch between Ethereum-based cash and tokens and not using a central entity. The change is ranked as the most important decentralized change, with a $1.5 million buying and selling quantity during the last 24 hours on the time of writing, consistent with knowledge from CoinMarketCap.

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