According to a recent report, the U.S. Securities and Exchange Commission (SEC) is said to have begun investigating startups operating the decentralized exchange (dex) Uniswap. The dex platform Uniswap is the dex with the largest transaction volume, with more than 10 billion U.S. dollars in encrypted tokens exchanged in the past 7 days. The source of the report also stated that SEC law enforcement is also investigating applications for encrypted loans.
People familiar with the matter said that the SEC is investigating Defi exchange Uniswap
Recently published report Dave Michaels and Alexander Osipovich from the Wall Street Journal (WSJ) claimed that anonymous sources told the media that SEC law enforcement lawyers are investigating dex Uniswap Labs. The report shows that the SEC has not yet commented on the matter, but a Uniswap Labs spokesperson said:
[Uniswap is] Commit to abide by the laws and regulations governing our industry and provide information to regulators to assist them in any inquiries.
An anonymous informant told the Wall Street Journal that SEC law enforcement officials wanted to know how Uniswap was marketed and wanted to obtain information about encrypted loan applications. “Informed sources” said that the US Securities and Exchange Commission wants to find out whether dex or loan applications “resist supervision.” The investigation seems to be a developing story. The Wall Street Journal stated that no allegations stemmed from informants.
Uniswap controls more than 60% of Ethereum-based Dex transactions, and Uniswap Labs recently deleted 100 tokens
Uniswap is the dex with the largest transaction volume today. With more than a dozen dex platforms including Uniswap, the transaction volume reached US$16 billion this week, and Uniswap accounted for US$10.3 billion. Uniswap accounted for 65.1% of all dex transaction volume (only Ethereum dex platform transaction volume) on Friday morning (EST), according to Dune analysis statistics.
The news of the alleged investigation of Uniswap Labs came after the company came under fire Delete 100 tokens The main user interface from the end of July. It was assumed that some of the 100 tokens listed might be considered unregistered securities by US regulators. Uniswap Labs wrote at the time: “These tokens have always accounted for only a small portion of the total transaction volume of the Uniswap protocol.”
The story that the SEC is reportedly investigating the world’s largest dex application is still under development, and we promise to keep our readers informed of any updates related to this topic.
What do you think of the report that the SEC may be investigating Uniswap, the world’s largest dex platform? Please tell us your thoughts on this topic in the comments section below.
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