Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: mlawson71 on September 07, 2021, 02:34:10 PM
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The American financial regulator SEC is investigating one of the biggest decentralized exchanges in the world – Uniswap, and according to recent reports, SEC is focusing on the exchange’s investor and marketing services.
According to a Uniswap spokesperson, the company is “committed to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.”
Apparently the investigation was initiated by the SEC chair, Gary Gensler. He recently commented that decentralized finance (DeFi) projects are a source of concern for the agency since such exchanges offer rewards and incentives to their users.
So far the investigation is just in its initial stages and SEC did not comment on whether they intend to press any kind of charges or not.
Source (https://theforexreview.com/2021/09/07/major-decentralized-crypto-exchange-investigated-by-sec/)
It is a little concerning, but only time will tell what will come of this investigation.
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The American financial regulator SEC is investigating one of the biggest decentralized exchanges in the world – Uniswap, and according to recent reports, SEC is focusing on the exchange’s investor and marketing services.
According to a Uniswap spokesperson, the company is “committed to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.”
Apparently the investigation was initiated by the SEC chair, Gary Gensler. He recently commented that decentralized finance (DeFi) projects are a source of concern for the agency since such exchanges offer rewards and incentives to their users.
So far the investigation is just in its initial stages and SEC did not comment on whether they intend to press any kind of charges or not.
Source (https://theforexreview.com/2021/09/07/major-decentralized-crypto-exchange-investigated-by-sec/)
It is a little concerning, but only time will tell what will come of this investigation.
what will happen to uniswap ? Of course if news like this sticks out it will have a negative impact on the development of Uniswap. Although I myself used to be a Uniswap user, because the costs were quite high, I was forced to leave and look for other alternatives.
right now after hitting renewable ATH $44.92 - May 03, 2021 it's down almost 50% from when it reached it, hopefully this isn't a bad sign but it does happen because there are other issues like maybe from bitcoin movement. we are waiting for further news.