Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Regulator Is Probing Company Behind the World’s Biggest Decentralized Exchange: Report

by Daily Hodl Staff
September 3, 2021
in Altcoins, Regulators

The U.S. Securities and Exchange Commission (SEC) is investigating Uniswap Labs, the developer of Uniswap, the world’s largest decentralized (DeFi) cryptocurrency exchange.

The move is part of a broader look into the realm of digital assets, according to the Wall Street Journal.

“Enforcement attorneys are seeking information about how investors use Uniswap and how it is marketed.

SEC chairman Gary Gensler has said DeFi projects aren’t immune from regulatory scrutiny.”

At issue is Uniswap’s own digital asset, UNI, which was distributed to users last year.

“About 21% of the tokens were set aside for the Uniswap Labs team and future employees, while an additional 18% were designated for the firm’s investors. That allocation allowed insiders to potentially reap a windfall.”

However, there are no current charges pending.

“The civil investigation of Uniswap Labs appears to be in its early stages and may not produce any formal allegations of wrongdoing.”

Ari Paul, the founder and chief investment officer of BlockTower Capital, comments on the report in a Twitter thread.

“Regulators [tend to] bring serious enforcement against the worst actors (outright criminals), and give ‘slaps on the wrist’ to a few high-profile good actors to put everyone on notice.

Of all the DeFi projects to go after, Uniswap is clearly one of the better actors – airdropping tokens to active users of their working product. No fraud or theft.

My guess is the SEC will want to set an example that even well-intentioned projects like Uniswap can’t totally ignore the law, but they won’t want to arbitrarily lob an unfair punishment at a team that is clearly trying to create real value and reward their users.”

As for the timing, Paul notes that the SEC took seven years to initiate a case against Ripple, and resolution is still pending. While regulators may be better versed about the crypto space in 2021, Paul says they’ll still move relatively slow.

A Uniswap spokesman told the Wall Street Journal that 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.”

Uniswap has clocked a 24-hour trading volume of $1.5 billion, according to CoinMarketCap.

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix



 
Check Latest News Headlines


 
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ArtLight Production/Muhammed AKAN

Submit a Press Release

Industry Announcements

  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
  • NFTs Accessible to All With Launch of Fiat-Focused SIMBA Market
    June 23, 2022
  • Korea Blockchain Week To Hold First Live Event in Seoul After Covid Hiatus
    June 23, 2022
  • CoinLoan Partners With Elliptic To Provide Crypto Users With Top-Notch Security
    June 22, 2022
  • Gate.io – The Crypto Winter Is a Good Time To Accelerate Web 3.0
    June 21, 2022
  • How the Earliest Soulbound Use Case Creates Real Web 3.0 Heroes
    June 21, 2022
  • ADI Whitelist – A Universal Identity Layer by Accumulate
    June 20, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$21,308.00
$21,308.00
1.02%
Ethereum
$1,223.37
$1,223.37
6.09%
Cardano
$0.501118
$0.501118
1.56%
XRP
$0.369436
$0.369436
0.27%
Dogecoin
$0.067616
$0.067616
3.1%

Spotlight

  • Crypto Firm Celsius Addresses Community As Top Investor Details Potential Recovery Plan
    June 20, 2022
  • May 2022 – Monthly Research Key Data – ETH Gas Price Rose by 20%
    June 22, 2022
  • Top Trader Warns Bitcoin (BTC) Support Looks ‘Weak AF,’ Analyzes Total Crypto Market Cap
    June 17, 2022
  • Bitcoin Investors Lock in Over $7,325,000,000 in Losses Amid Three Days of Deep Capitulation: Glassnode
    June 21, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl