Uniswap Labs, the creator of the largest decentralized trading platform on Ethereum, said the US Securities and Exchange Commission has closed its investigation into the company with no enforcement action. In April, Uniswap said the SEC sent a so-called Wells Notice saying that it planned to recommend a legal action against it. The agency had alleged that the company that…
Decentralized crypto exchange Uniswap received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday. Uniswap’s native token, UNI, dropped 9.5% immediately after the news. Uniswap CEO Hayden Adams announced the receipt of the so-called Wells notice on X, saying he wasn’t surprised, “just annoyed, disappointed, and…
A court ruling declining to hold Uniswap liable for alleged scams on its platform is a shield for decentralized crypto exchanges, and offers a preview for Coinbase Global Inc.’s closely watched fight with securities regulators. Uniswap was sued by crypto users seeking to hold the exchange responsible after they lost money buying what they called “scam tokens” on the platform.…