SEC reportedly investigates decentralized exchange Uniswap
Enforcement attorneys are reportedly looking for information about Uniswap’s marketing and investor services. Read the full article by: Helen Partz
Key Points
Last month the SEC chairman, Gary Gensler, said that they were not going to overlook decentralized finance when it came to regulating cryptocurrencies. The announcement to investigate the Uniswap is probably more to send a message than it is an indication that UNI has done anything wrong.
Uniswap is the largest DeFi app by overall market cap which made it easy for the SEC to get their message across to a lot of people at once that they are serious.