Close Menu
    What's Hot

    What to Expect Next for Bitcoin? Which Direction is the Path Towards?

    Monday, 7 April 2025, 19:08

    BlackRock CEO Fink Warns of Further Market Drop, Recession, and Inflationary Pressures

    Monday, 7 April 2025, 16:50

    Trump Threatens 50% Additional Tariffs on China

    Monday, 7 April 2025, 16:08
    Facebook X (Twitter) Instagram
    CryptoMars
    CryptoMars
    • Home
    • News
    • Bitcoin
    • Ethereum
    • Solana
    • Cardano
    • XRP
    X (Twitter) Telegram
    CryptoMars
    Home » SEC Scrutinizes VC Backing of Uniswap
    News

    SEC Scrutinizes VC Backing of Uniswap

    Max BauerBy Max BauerMonday, 12 August 2024, 15:48No Comments1 Min Read

    The Securities and Exchange Commission (SEC) is intensifying its scrutiny of the cryptocurrency industry, with recent inquiries directed at prominent venture capital firms involved in the decentralized exchange Uniswap.

    According to Axios, multiple sources have confirmed that Andreessen Horowitz (a16z) and Union Square Ventures, among others, have received letters from the SEC seeking information about their investments in Uniswap Labs, the company behind the popular decentralized exchange platform.

    Uniswap Labs has secured over $170 million in venture capital funding, most recently in late 2022 at a valuation of nearly $1.7 billion. Earlier this year, the company received and responded to a Wells Notice, a precursor to potential legal action.

    The SEC’s interest in Uniswap suggests the agency may classify the platform as an unregistered exchange. This is particularly noteworthy given that Uniswap operates on a decentralized model, differentiating it from centralized exchanges like Coinbase, which has been a frequent target of the SEC.

    Despite the SEC’s focus on Uniswap Labs, it’s important to note that the underlying Uniswap protocol is decentralized and would continue to function even if the company were to cease operations.

    Related

    READ  Coinbase Adds a New Altcoin to its Roadmap Portfolio
    Max Bauer
    • Website

    Add A Comment

    Comments are closed.

    Advertisement
    Our Most Popular Articles
    • Telegram Announces Removal of "People Nearby" Feature and New Updates
      Telegram Announces Removal of "People Nearby" Feature and New Updates
    • Young Crypto Voters Could Sway 2024 Presidential Election, Says Coinbase
      Young Crypto Voters Could Sway 2024 Presidential Election, Says Coinbase
    • Visa and Coinbase Partner for Instant Crypto Purchases on Debit Cards
      Visa and Coinbase Partner for Instant Crypto Purchases on Debit Cards
    • Florida CFO Eyes Crypto for State Pensions, With $800 Million Already Invested
      Florida CFO Eyes Crypto for State Pensions, With $800 Million Already Invested
    • HEX Founder Richard Heart Added to Interpol's Most Wanted List
      HEX Founder Richard Heart Added to Interpol's Most Wanted List
    • Home
    • Disclaimer
    • Privacy Policy
    • Contact Us
    © 2025 CryptoMars

    Disclaimer: The information on this site is for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies involves risk, including loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not liable for any losses or damages incurred as a result of using the information provided on this site.

    For inquiries related to news tips, advertising, partnerships, or media requests, please contact info@cryptomars.net

    Type above and press Enter to search. Press Esc to cancel.