Uniswap Labs Settles with CFTC for $175K Over Illegal Margin Products
The decentralized exchange faces penalties for unauthorized leveraged and margined digital asset transactions.
- Uniswap Labs will pay $175,000 to settle CFTC allegations of illegal commodity transactions.
- The CFTC claims Uniswap offered leveraged tokens without proper registration as a contract market.
- Uniswap's UNI token saw a 6% increase following the settlement announcement.
- The exchange is also under scrutiny from the SEC, which issued a Wells Notice earlier this year.
- CFTC officials emphasize the need for DeFi platforms to comply with existing regulations.
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