CFTC Fines Uniswap Labs $175,000 For Illegal Digital Asset Derivatives Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
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Should l Buy ?
Source: Benzinga
CFTC Action Against Uniswap Labs: The Commodity Futures Trading Commission (CFTC) has fined Uniswap Labs $175,000 for illegal offerings of digital asset derivatives trading and issued a cease-and-desist order for violating the Commodity Exchange Act by allowing non-Eligible Contract Participants to trade leveraged tokens.
Regulatory Scrutiny Continues: This enforcement action follows earlier regulatory scrutiny, including a Wells notice from the SEC, and reflects Uniswap's cooperation with the investigation amid ongoing challenges in the digital asset industry.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
