๐ Big news in the DeFi world! ๐
Uniswap Labs hit with a $175K fine by the CFTC for offering leveraged crypto trades without proper regulatory approval.
- Uniswap facilitated illegal transactions via its decentralized protocol.
- CFTC highlighted non-compliance with the Commodity Exchange Act.
- Uniswap cooperated, leading to a lower fine.
Despite the fine, the DeFi sector remains vibrant and full of potential! ๐
What are your thoughts on this regulatory move? Comment below! ๐ #DeFi #CryptoNews