The latest U.S. enforcement action has intensified scrutiny of decentralized finance (DeFi) protocols that operate largely in a regulatory gray zone.

Regulators have targeted decentralized trading platform Uniswap for allegedly facilitating illegal derivatives trading. The Commodity Futures Trading Commission (CFTC) has fined Uniswap and ordered it to halt the alleged violations. The move is indicative of the authorities’ efforts to bring the protocols into compliance with existing financial regulations.

Bitfarms has responded to Riot Platforms’ request for board changes. As the largest shareholder with a 19.9% ​​stake in Bitfarms, Riot has proposed that independent board members be elected. Bitfarms maintains that the recent board changes were made independently of Riot’s influence.

This week’s Crypto Biz newsletter also covers important developments, including the SEC’s settlement with Ripple, the postponement of the decision on the green Bitcoin ETF, and a possible appeal of FTX’s refund plan.

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