US Authorities Open Investigation Into Uniswap Labs
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Sept. 3, 2021

The US Securities and Exchange Commission (SEC) has opened an investigation into Uniswap Labs, the developer of the largest decentralized crypto exchange of the same name, The Wall Street Journal has reported citing sources. According to them, the regulator is interested in information about how investors use the exchange.

In August, the SEC Chairman Gary Gensler announced the authorities could start regulating projects from the decentralized finance sphere. Notably, projects that reward participants with valuable tokens or use other incentive models may be subject to regulation. At the same time, Gensler questioned the "decentralization" of many DeFi projects:

"There is still a key group of guys who not only write code like in open source software, but often have managerial authority and collect commissions."

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A Uniswap Labs spokesman has told The Wall Street Journal they aim to comply with the law and cooperate with the authorities. According to sources, the investigation is at an early stage and may not lead to any enforcement action.

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