The United States launched an investigation into the crypto exchange operator Uniswap
The American regulator is studying the work of the Uniswap decentralized cryptocurrency exchange. The trading platform token (UNI) has already fallen in price by 5%.
The US Securities and Exchange Commission (SEC) has initiated an investigation against the company Uniswap Labs, which operates one of the largest decentralized cryptocurrency exchanges — Uniswap, writes The Wall Street Journal. According to the publication, the American regulator is at an early stage of investigation and is trying to find out how the trading platform works and transactions are carried out.
A representative from Uniswap Labs said the company is «committed to compliance with laws and regulations» and confirmed its willingness to provide regulators with all the necessary information.
The Uniswap Exchange (UNI) token has fallen in price since the publication of the WSJ material. 5%. Altcoin price dropped below $ 30.
Uniswap is a decentralized cryptocurrency exchange that was launched in 2018. In April of this year, the trading volume on the site for the first time exceeded $ 10 billion.