U.S. regulator the Commodity Futures Buying and selling Fee (CFTC) has hit Uniswap Labs, the corporate behind Ethereum decentralized trade Uniswap, with an order for allegedly illegally providing leveraged or margined retail commodity transactions in digital property.
The order, which the regulator stated was settled, requires Uniswap Labs pay a $175,000 civil financial penalty and to stop and desist from violating the Commodity Change Act (CEA).
“DeFi operators should be vigilant to make sure that transactions adjust to the regulation,” CFTC director of enforcement Ian McGinley stated in a press release.
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