According to "Axios" citing multiple sources, several venture capital funds, including Andreessen Horowitz (a16z) and Union Square Ventures, have received letters from the U.S. Securities and Exchange Commission (SEC) involving decentralized crypto exchanges. Relationship with operator Uniswap Labs.
According to reports, regulators may accuse Uniswap of being an unregistered exchange. In April this year, Uniswap disclosed that it had received a "Wells notice" from the SEC, which meant that the SEC had completed its investigation and would initiate legal action against it. Uniswap stated at the time that it would fight the SEC to the end.
Uniswap Labs has raised more than $170 million in venture capital, most recently in late 2022 when it was valued at nearly $1.7 billion.
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