Uniswap Labs Beset By Regulators For Building a Decentralized Exchange

Uniswap Labs, the company behind the world's most popular decentralized exchange, is facing scrutiny from various regulators. The CFTC has agreed to a $175,000 settlement with Uniswap Labs over trading for tokens that represent leveraged trades on leading crypto assets. Some of Uniswap Labs' chief investors have also received subpoenas from the New York Department of Financial Services. Additionally, the SEC previously served Uniswap Labs with a Wells Notice, indicating that it's likely to take legal action.