Express
CFTC Fines Uniswap Labs for Illegal Digital Asset Derivatives Trading
Summary: The Commodity Futures Trading Commission (CFTC) has charged Uniswap Labs with illegally offering leveraged digital asset trades via its decentralized protocol. The CFTC found that Uniswap allowed retail users to trade assets like Ether and Bitcoin with leverage, which violated the Commodity Exchange Act (CEA). The company was fined $175,000 and ordered to stop further ...
The Commodity Futures Trading Commission (CFTC) has charged Uniswap Labs with illegally offering leveraged digital asset trades via its decentralized protocol. The CFTC found that Uniswap allowed retail users to trade assets like Ether and Bitcoin with leverage, which violated the Commodity Exchange Act (CEA). The company was fined $175,000 and ordered to stop further violations.
Uniswap Labs cooperated during the investigation, which led to a reduced fine. The CFTC emphasized the need for decentralized platforms to comply with laws as digital asset markets evolve. The public is urged to verify the registration of such platforms with the CFTC before trading.
Tags: CFTC,Commodity Exchange Act,Uniswap
Link: CFTC Fines Uniswap Labs for Illegal Digital Asset Derivatives Trading [Copy]
