Uniswap Fires Back: Warns SEC Against Broad Crypto Exchange Definition
Uniswap Labs is challenging the US Securities and Exchange Commission’s (SEC) proposed rulemaking efforts that would expand the definition of a crypto ‘exchange’ under US securities laws to include decentralized finance (DeFi) platforms. The challenge is framed within a letter to the SEC, bolstered by recent Supreme Court decisions that could influence the interpretation and […]
Related News
The crypto exchange boss is the latest to decry plans to enact sweeping changes to cryptocurrency tax reporting in the United States. Coinbase CEO Brian Armstrong is the latest crypto figure to come out against the wording of the proposed changes to cryptocurrency taxation in America.Tweeting on Wednesday, Armstrong stated that the provisions included in the crypto taxation proposal could have a “profound negative impact” on the U.S. crypto space and could force digital innovation to move overseas.As previously reported by Cointelegraph, amendments to crypto taxation rules were a....
Per a report from TechCrunch, Uniswap Labs is looking to raise $100 million to $200 million in a new equity round at a $1 billion valuation. The company behind the popular Ethereum-based decentralized exchange (DEX) is allegedly still planning the round and the terms of the deal. Related Reading: Satoshi Fund CEO Warns Ethereum And […]
Uniswap Labs, the developer behind the largest decentralized exchange in the crypto space, Uniswap, is being investigated by the Securities and Exchanges Commission (SEC). Crypto regulation has been gaining much traction lately. A lot of cryptocurrency exchanges have been recently subject to probes in their activities. In a bid to determine if their product offerings are […]
A 600-page document proposes changes to the definition of an exchange that could extend to include DeFi protocols. On Jan. 26, the United States Securities and Exchange Commission proposed amendments to Rule 3b-16 under the Exchange Act that lacks any mention of digital assets or decentralized finance, which could adversely affect platforms that facilitate crypto transactions. Some cryptocurrency advocates — including SEC Commissioner Hester Peirce — believe that the commission’s extended definition of an exchange could thrust an entire class of crypto entities under the regulator’s....
With a tentative deployment date set for May 5th, 2021, the third iteration of decentralized exchange Uniswap is amongst the most hype projects in the crypto space. Its newest features offer its user more flexibility to leverage earning strategies. However, the creator of Uniswap, Hayden Adams, claims there is much more to the update. Via […]