Report – Defi Bitcoin News

According to a recent report, the US Securities and Exchange Commission (SEC) has reportedly started investigating the startup that operates the decentralized exchange (dex). Uniswap. Dex platform Uniswap is the largest index in terms of trading volume with over $10 billion in crypto tokens exchanged in the last seven days. Sources in the report also said that SEC enforcement is also investigating crypto loan applications.

Unnamed sources familiar with the matter say the SEC is investigating Defi Exchange Uniswap

A recently published one Test report of the Wall Street Journal (WSJ) Dave Michaels and Alexander Osipovich claim unnamed sources told the outlet that SEC enforcement lawyers are investigating the Uniswap index labs. The report shows that the SEC has not commented on the matter, but a Uniswap Labs spokesperson said:

[Uniswap is] verpflichtet, die für unsere Branche geltenden Gesetze und Vorschriften einzuhalten und den Aufsichtsbehörden Informationen zur Verfügung zu stellen, die sie bei allen Anfragen unterstützen.

The unidentified whistleblowers told the WSJ that SEC enforcement officials want to know how Uniswap is marketed and want information about crypto lending applications. The "people familiar with the matter" said the SEC wanted to find out whether the index or loan applications "defied oversight." The investigation appears to be evolving, and the WSJ says no allegations have come from the informant's information.

Uniswap Dominates more than 60% of Ethereum-based Dex trading volume, Uniswap Labs recently removed 100 tokens

Uniswap is now the largest Dex by trading volume and more than a dozen Dex platforms, including Uniswap this week took in a volume of $16 billion, Uniswap commanded $10.3 billion of that volume. Uniswap commands 65.1% of total Dex trading volume (Ethereum Dex platform volume only) as of Friday morning (EST), according to Dune Analytics statistics.

News of the alleged investigation into Uniswap Labs follows the flak the company has received Remove 100 tokens from the main UI at the end of July. At the time, it was believed that some of the 100 tokens listed could be classified as unregistered securities by US regulators. “These tokens have always represented a very small portion of the total volume on the Uniswap protocol,” Uniswap Labs wrote at the time.

The story about the SEC's alleged investigation into the world's largest Dex application is still developing, and we promise to keep our readers updated with any updates on the matter.

What do you think of the report that says the SEC is probing the world's largest Dex platform, Uniswap? Let us know your thoughts on this topic in the comments below.

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