Uniswap, which is in trouble in the USA, announced its assets!

Uniswap Foundation, which is behind the DeFi platform Uniswap, which is under pressure from the SEC and CFTC in the USA, announced in its latest report that it owns fiat money, stablecoins and 730 thousand UNI coins worth a total of $ 41.41 million.

According to published information, the foundation committed to new grant agreements worth $4.34 million during this period and paid the previously committed grants of $2.79 million. Cash and stablecoins were reserved for grant distribution and business activities, while UNI tokens were used for employee rewards.

In its notice published in April, the SEC accused Uniswap Labs of operating as an unregistered securities exchange and broker, thus violating securities laws. Uniswap Labs claimed that decentralized protocols cannot be regulated under existing legal classifications.

Nowadays, the U.S. House of Representatives, the SEC, and the Commodity Futures Trading Commission (CFTC) may bring changes to how crypto will be regulated. It is preparing to vote on a bill called the “Financial Innovation and Technology Act for the 21st Century.”

The SEC has been continuing its investigation into Uniswap Labs, the main developer of the project, since 2021.