(Reuters) – The U.S. Securities and Change Fee has notified of potential enforcement motion in opposition to Labs, the primary developer behind one of many world’s largest cryptocurrency exchanges, the corporate mentioned in a weblog put up on Wednesday.
The explanation for the SEC’s warning in opposition to Uniswap was not instantly clear from the weblog put up, however might be pegged to the regulator’s marketing campaign to use U.S. securities regulation to the digital asset-related corporations like Coinbase (NASDAQ:).
The SEC declined to touch upon the put up.
The SEC’s battle with Coinbase, the world’s largest publicly traded cryptocurrency alternate, rests on one core debate: whether or not digital property are funding contracts akin to shares or bonds that must be regulated by the SEC.
“Considering the SEC’s ongoing lawsuits in opposition to Coinbase and others in addition to their full unwillingness to supply readability or a path to registration to these working lawfully inside the U.S., we will solely conclude that that is the most recent political effort to focus on even the perfect actors constructing expertise on blockchains,” the weblog put up learn.
Uniswap is a crypto market for decentralized finance or DeFi builders, merchants and liquidity suppliers. DeFi is an open community and works on a peer-to-peer system, the place transactions should not routed by a centralized system reminiscent of a financial institution or a brokerage.
