The US Commodity Futures Trading Commission (CFTC) yesterday charged Uniswap Labs with illegally offering leveraged crypto trading to US retail investors.
As part of the settlement, Uniswap Labs will pay a $175,000 civil penalty and cease violating the Commodity Exchange Act (CEA).
The CFTC emphasized its commitment to enforcing the CEA as digital asset platforms and decentralized financial ecosystems (DeFi) continue to evolve.
However, Commissioner Summer Mersinger expressed disagreement with the CFTC's approach, calling it “regulation through enforcement.”
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Mersinger also noted that Uniswap has already ceased trading the leveraged tokens that triggered the CFTC's actions.