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Uniswap and Galois Capital Reach Small Settlements with Regulators, Raising Compliance Concerns

Sep 6, 2024, 04:19 PM

Uniswap Labs and Galois Capital have settled with regulators, marking a significant development in the regulatory landscape for decentralized finance (DeFi). The small settlements with the SEC and CFTC highlight the ongoing efforts by U.S. regulators to impose stricter compliance measures on the crypto industry. Despite Uniswap's proactive measures to comply with regulations, the CFTC pursued enforcement action, raising concerns about the feasibility of compliance in the DeFi space. Experts warn that these settlements could set precedents for more aggressive regulatory actions in the future, potentially leading to a larger crackdown on the crypto industry. There are ongoing attempts to shadowban digital assets in the U.S., but the industry remains resilient.