SEC is investigating decentralized crypto exchange developer Uniswap Labs: Report 

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Uniswap Labs, the startup behind the largest decentralized cryptocurrency exchange.

The Wall Street Journal reported the news on Friday, citing "people familiar with the matter." Enforcement attorneys are said to be seeking information about how investors use Uniswap and how it is marketed.


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Last month, SEC chairman Gary Gensler said that the agency could regulate decentralized finance (DeFi) projects. Specifically, DeFi projects that reward participants with valuable tokens or similar incentives could be regulated, no matter how "decentralized" they say they are, Gensler said at the time. 

A Uniswap Labs spokesperson told The Journal that the firm is is “committed to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.” An SEC spokesperson declined to comment to the news outlet, saying the agency doesn’t confirm or deny investigations.

The investigation appears to be in its early stages and may not result in any formal allegations of wrongdoing, per the report.

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About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.