Express

CFTC Fines Uniswap Labs for Illegal Digital Asset Derivatives Trading

Scott Liu

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.

Last Update:

Tags: ,,
Link: CFTC Fines Uniswap Labs for Illegal Digital Asset Derivatives Trading   [Copy]
Next:

Related Articles

  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 3 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 4 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 5 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 7 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 8 days ago

    • You need to login to comment.