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Uniswap Labs Gets Hammered by CFTC, Because Who Needs Profit When You Can Have Regulators?

A  hammer-wielding regulator chases a fleeing Uniswap Labs logo as it's surrounded by dollar signs and financial charts in disarray.

Just when you thought it was safe to go back in the water… Uniswap Labs gets charged by the CFTC for offering leveraged crypto trading to US retail investors. Because what could possibly go wrong with that? $175,000 civil penalty and a stern warning from Ian McGinley: ‘DeFi operators must be vigilant to ensure transactions comply with the law.’ Vigilant! Ha! Like anyone in this space actually cares about compliance.

Source: cointelegraph

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This week in DeFi saw more regulatory moves as the United States Commodity Futures Trading Commission (CFTC) charged Uniswap Labs with illegally offering leveraged crypto trading for retail investors. The CFTC’s director warned of more potential enforcement actions toward DeFi ecosystems. In […]

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