Uniswap Labs Fined $175,000 By CFTC For ‘Illegally’ Offering Leveraged Trading

Quick Summary:

On Wednesday, Uniswap Labs, the company behind the decentralized cryptocurrency exchange Uniswap, was fined $175,000 by the Commodity Futures Trading Commission (CFTC) for allegedly offering leveraged retail trading in digital assets without proper authorization.

Uniswap Labs maintains that the SEC’s case against them is fundamentally flawed.

The company believes that litigation could adversely affect the SEC’s ongoing rulemaking initiatives and hinder the development of a clear regulatory framework for the decentralized finance (DeFi) space.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Crypto News Crypto UNIUSDT UNI price Uniswap Uniswap DEX Uniswap Labs Uniswap news Crypto regulation Uniusd Crypto news DeFi

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 18:30:23 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22368905

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Coverage Areas: Hungary

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