The SEC’s investigation into Uniswap Labs is part of a broader initiative aimed at the DeFi sector. The Defiant reports this, citing an informed source.<\/p>\n
According to The Wall Street Journal, SEC investigators are examining information about Uniswap<\/a> and the ways investors interact with it. The publication suggested that the investigation is at an early stage and that no charges have yet been filed.<\/p>\n Notably, the WSJ described this as an investigation. According to the regulator’s site, this procedure does not necessarily lead to enforcement actions; however, under its framework the SEC may, for example, summon witnesses to testify in court.<\/p>\n According to The Defiant, Uniswap Labs is not the only sector participant under regulator scrutiny. The commission is allegedly conducting a wide-ranging investigation into a range of DeFi<\/span>-platforms.<\/p>\n In an interview with The Block<\/a>, Delphi Labs’ chief legal officer Gabriel Shapiro also stated that projects in the DeFi space \u201care starting to receive letters from the SEC and requests from other regulators\u201d.<\/p>\n \u201cLawyers in the space have known about and been talking about this for about a month. \u2026 It is all simply becoming public now,\u201d<\/p>\n added.<\/p><\/blockquote>\n Later, The Block analyst Frank Chaparro clarified that the letters were sent to firms that allow users to lend out their cryptocurrency to earn yields.<\/p>\n Separately, apparently the SEC has sent multiple letters to firms that allow users to lend out their crypto for yield. So this Uniswap thing seems like it is part of a wider examination in crypto vs a UNI specific thing<\/p>\n \u2014 Frank Chaparro (@fintechfrank) September 4, 2021<\/a><\/p><\/blockquote>\n \n
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