SEC Launched an Investigation into Uniswap

The SEC has launched an investigation into Uniswap. Uniswap is positioned as one of the largest decentralized exchanges.

SEC chairman Gary Gensler said "Decentralized finance is unthinkable outside of regulation. Some platforms act like companies licensed from the SEC." According to the news of the Wall Street Journal from the US media; The US Securities and Exchange Commission (SEC) has launched an investigation into Uniswap Labs, the startup behind Uniswap, one of the largest decentralized financial exchanges. In the news of the Wall Street Journal, which is based on a person who has knowledge about the subject but did not name, it was noted that SEC officials initially wanted information about how users use Uniswap and how the market was created.

What Did the SEC Chairman Say?

Gary Gensler, who was touted as someone who had a positive outlook on cryptocurrencies before he became the head of the SEC, but said that he wanted to bring constant regulation in his applications, made the following words about the DeFi market in an interview with the Financial Times last week: “Some DeFi projects host features and services that are in institutions under the scrutiny of the SEC. There is also a group that currently does not just create the software, such as open-source software, but also gives incentives such as governance and rewards. These are where regulations go into areas where they need to step in. That's why the DeFi field should not be left out of the regulations. These platforms may seem decentralized in some ways, but also highly centralized from other perspectives.”