Crypto Biz: US regulators crack down on Uniswap
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.
A recent enforcement action in the United States has intensified the scrutiny over decentralized finance (DeFi) protocols, which have largely operated within a regulatory gray zone.
Regulators again targeted the decentralized trading platform Uniswap for allegedly facilitating illegal derivatives trading. The Commodity Futures Trading Commission (CFTC) has imposed fines and ordered Uniswap to cease the alleged violations. The move is indicative of the increasing regulatory focus on DeFi front ends as authorities seek to bring protocols into compliance with existing financial regulations.
In another headline, Bitfarms has issued a response to Riot Platforms’ recent push for changes to its board of directors, marking the latest development in the two firms’ ongoing corporate struggle.
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Author: Ana Paula Pereira
