CFTC Fines Uniswap Labs $175,000 for Offering Illegal Leveraged Retail Commodity Trading in Digital Assets
- 王林Original
- 2024-09-05 12:08:12633browse
At the moment, the Commodity Futures Trading Commission (CFTC) has taken enforcement action against Uniswap Labs, one of the main DeFi protocols.
The Commodity Futures Trading Commission (CFTC) has taken enforcement action against Uniswap Labs, a leading decentralized finance (DeFi) protocol, for allegedly offering illegal leveraged retail commodity trading in digital assets.
The Commodity Futures Trading Commission (CFTC) has taken enforcement action against Uniswap Labs, a leading decentralized finance (DeFi) protocol, for allegedly offering illegally leveraged retail commodity trading in digital assets.
According to the CFTC order, Uniswap Labs allowed users to trade cryptocurrencies such as Ether (ETH) and Bitcoin (BTC) with 2:1 leverage. These transactions were classified as commodities by the agency, which places them under its supervision.
According to the CFTC order, Uniswap Labs allowed users to trade cryptocurrencies such as Ether (ETH) and Bitcoin (BTC) with 2:1 leverage. These transactions were classified as commodities by the agency, which places them under its supervision.
The CFTC fined Uniswap $175,000 and ordered the platform to cease these activities, citing violations of the Commodity Exchange Act (CEA). Chief Compliance Officer Ian McGinley stated:
The CFTC fined Uniswap $175,000 and ordered the platform to cease these activities, citing violations of the Commodity Exchange Act (CEA). Chief Compliance Officer, Ian McGinley, stated:
“Today's action once again demonstrates that the Enforcement Division will vigorously enforce the CEA as digital asset platforms and DeFi ecosystems evolve. DeFi operators must be vigilant to ensure that transactions comply with the law.”
“Today's action demonstrates once again that the Enforcement Division will vigorously enforce the CEA as digital asset platforms and DeFi ecosystems evolve. “DeFi operators must be vigilant to ensure that transactions comply with the law.”
This CFTC action comes after a previous warning from the SEC, which accused Uniswap of operating as an unregistered exchange. The situation now raises questions about how the SEC will respond to the CFTC's action, with some suggesting the fine reflects a shift toward less aggressive enforcement.
This action by The CFTC comes after a previous warning from the SEC, which accused Uniswap of operating as an unregistered exchange. The situation now raises questions about how the SEC will respond to the CFTC's action, with some suggesting the fine reflections a shift toward less aggressive enforcement.
A recent tweet from MartyParty highlighted the CFTC's $175,000 fine against Uniswap for illegal digital asset derivatives trading, noting, “IMO: The wording is bullish and a shift from hostile enforcement to rewarding “cooperation” with light fines. The case concerned Uniswap's leveraged Bitcoin and Ethereum tokens. The CFTC recognized Uniswap's cooperation, resulting in a lighter penalty.”
A recent tweet from MartyParty highlighted the CFTC's $175,000 fine against Uniswap for illegal digital asset derivatives trading, noting, “IMO: The wording is bullish and a shift from hostile enforcement to rewarding “cooperation” with light purposes. . The case concerned Uniswap's leveraged Bitcoin and Ethereum tokens. “The CFTC recognized Uniswap’s cooperation, which resulted in a lighter penalty.”
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