According to TechFlow, CoinDesk and two sources, New York Attorney General Letitia James has joined the regulatory action against the cryptocurrency trading platform Uniswap. James' office issued subpoenas to some venture capital firms that invested in Uniswap last month, including Andreessen Horowitz (a16z) and Union Square Ventures.

A Uniswap spokesperson said that it welcomes dialogue with any government agency or elected official on responsible DeFi innovation. Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) ordered Uniswap Labs to pay a $175,000 civil penalty and stop violating the Commodity Exchange Act on Wednesday, September 4. Previously, the U.S. Securities and Exchange Commission (SEC) issued a "Wells Notice" to Uniswap in April 2024, accusing it of operating as an unregistered securities broker and exchange.