SEC Targets Venture Capital Funds Over Uniswap Lab Involvement
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The U.S. Securities and Exchange Commission (SEC) has intensified its scrutiny of the cryptocurrency industry. It is now setting its sights on several venture capital funds, including notable names like Andreessen Horowitz and Union Square Ventures.
These firms have reportedly received letters from the SEC concerning their investments in Uniswap Labs, the company behind the decentralized cryptocurrency exchange Uniswap.
Uniswap Labs, which developed the Uniswap protocol, received a Wells Notice from the SEC in April. This is essentially a formal notification that the SEC believes the protocol violates securities laws.
The SEC’s growing scrutiny has taken a significant turn with its recent focus on several prominent venture capital firms, including Andreessen Horowitz, Union Square Ventures, Paradigm, and other key investors in Uniswap Labs.
Axios: Several venture capital funds, including a16z and Union Square Ventures, have received letters from the SEC over their involvement with Uniswap Labs. SEC may accuse Uniswap of being an unregistered exchange. Uniswap Labs has raised over $170 million in VC funding, most…
These firms, which collectively invested millions in the development and growth of the Uniswap protocol, have been issued formal notices by the SEC, signaling the regulator’s belief that Uniswap Labs may have violated securities laws.
The Wells Notice, which Uniswap Labs received in April, is essentially a precursor to potential enforcement actions. It indicates that the SEC views the Uniswap protocol as an unregistered
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