The SEC Is Investigating Uniswap Exchange

According to recent sources, Uniswap is under investigation by the United States Securities and Exchange Commission (SEC). Uniswap is the largest decentralised cryptocurrency exchange at the moment.

According to sources, the US Securities and Exchange Commission has already initiated an investigation into Uniswap. According to the article, it will investigate Uniswap labs and the platform's primary developers. The Wall Street Journal reported on the situation on Friday, September 3, 2021.

According to the Wall Street Journal report, the investor and marketing services for the Uniswap platform are currently being scrutinised. The enforcement attorneys will be in charge of conducting an investigation and amassing information on Uniswap.

According to The Wall Street Journal, this information was provided by an internal source familiar with the situation. The source has asked anonymity and that their identity not be revealed.

Following reports of the US Securities and Exchange Commission's investigation into the exchange, Uniswap Labs has taken the lead in defending its position. According to Uniswap Labs, they have always adhered to regulatory norms and procedures.

They have always followed the law and shown deference to the regulatory and enforcement bodies that have governed them. They will maintain this trend and position by disclosing all information necessary for the US SEC and attorneys to conduct their enquiry.

Uniswap is a leading decentralised exchange in the bitcoin space. It enables users to trade Ethereum-based coins as well as other decentralised tokens. At the moment, it is the world's largest decentralised exchange.

The exchange operates 24 hours a day and handles a sizeable trade volume. The exchange reportedly registered a 24-hour trading volume of more than $1.5 billion. CoinMarketCap has verified this information.

The US Securities and Exchange Commission was also contacted for information on the matter. However, the US Securities and Exchange Commission is now refusing to comment on whether it has opened an investigation into Uniswap or not. Similarly, Uniswap executives have refrained from making any announcements on their cooperation with the US Securities and Exchange Commission's probe.

Uniswap is not the only exchange or crypto-project under investigation by the US Securities and Exchange Commission. Prior to Uniswap, the US Securities and Exchange Commission began an investigation into Binance and Ripple.

The US SEC has taken this action in response to the significant volume of complaints and concerns lodged against cryptocurrency firms by domestic investors. As the number of fraudulent and scamming activities in the bitcoin sector continues to grow, the regulatory authority is becoming more aggressive in its pursuit of such organisations.

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