If they shut it down there are many better decentralized AMMs that will gain market share, like Sushiswap, Ref Finance, and Pancakeswap.
No need to speculate too far, the SEC only asked the Uniswap team for certain information. Till now, there is no statement from SEC that Uniswap breaks certain rules. I am sure that Uniswap will be fine and SEC will understand the information, then will be no further investigation. Regarding comparing Uniswap with Sushiswap or Pancakeswap, I think Uniswap still has a better reputation. You don't have a reason to claim they are better than Uniswap.
Topic: Uniswap Labs investigated by SEC, what is your opinion? (Read 200 times)
It is possible that the SEC will not find any violations and in this case Uniswap will avoid fines or other sanctions. Moreover, Uniswap is ready to provide regulators with the necessary information and cooperate with them in every possible way. But after Uniswap, the SEC will switch to the next crypto exchange.
The SEC could only go after Uniswap if it is a registered company. If they shut it down there are many better decentralized AMMs that will gain market share, like Sushiswap, Ref Finance, and Pancakeswap.
Honestly SEC shouldn't have any business with exchange like uniswap because it's a decentralized exchange, this is like breaking the rules of Dex
I don't think SEC breaking the rules of DEX, they just ask for certain information about investors and the market mechanisms. Nothing wrong with this, the purpose should be to ensure that the investors are safe enough using Uniswap. As long as SEC don't intervene in Uniswap policy, we cannot call they trying to break DEX rules. Just be calm, mate! What SEC did isn't something big, it shouldn't influence much on Uniswap.
Such a work SEC has. SEC controls all traders who trade on the territory or trading platform of the United States. They oversight of crypto markets work, monitor of what is happening in different markets, did not they disturb of any laws. As far as I know Uniswap is registered in America. So it's nothing surprising that SEC pays attention to them. They've just checking.
It's normal for SEC to be that active when there's bunch of money coming in and out to the market and it includes these swaps.
Agree, but i hopes theres no serious action against Uniswap since its will make FUD for entire crypto market.
Also if that happens, SEC woulds search more to entire Dex on crypto space.
in my opinion the sec is overrated as well as its assumed influence in the rest of the world, they are trying to impose the same aml / kyc restrictions that have been placed at binance but trying to put the mandatory kyc procedure on a defi, decentralized platform seems to me ridiculous
They are looking for a bad side actually and an opportunity so they can run after the project, I don’t really think they are just protecting the investors here because its not and we all know how corrupt SEC are. I don’t think this issue will affect that much on UNISWAP as they alreadt answered this, I’m confident they can settle this one. 
i am optimistic that they will fail. just like the did to ripple. they attacked Ripple with loads of accusations. in the end, they got nothing. The same was done to USDT and bitfinex. they ended up with nothing. crypto is transparent and open to all. Uniswap is the most transparent. been the first platform to introduce the Dex Allowing users to swap tokens without providing informations. The SEC can go on, they will find nothing.
They know they won't find something about users in a decentralized exchange except by tracing addresses which doesn't require an investigation as all exchange info are public. So this is why they investigate with Uniswap lab Dev claiming to check the performance of the exchange to protect investor's money. It will be nearly impossible to enforce KYC through UniSwap but based on AML policy, SEC always has the access to check and verify everything according to what they think it's beneficial for the global economy of the US. i doubt that they are looking for a portion from the exchange benefit as mentioned in some comments above.
If the SEC's intent is only to know how users use the exchange, I have no problem with that but knowing the SED thanks to their past dealings in the crypto space, I'd say there's more to it. It's no longer news that people have been delving into Defi in numbers while utilizing decentralized exchanges and AMM protocols like Uniswap for basically everything a CEX has especially now that regulations and rules on centralized exchanges have become more strict. My opinion is that the SEC would most likely have other intents and that's a bad news for us because they won't stop at Uniswap but proceed to others.
SEC is basically researching if they could somehow punish and write a ticket. This is nothing more than "let's see if you make money and what way, if we find something wrong then we will punish you with the highest rate we could give you". This is a typical stuff that SEC likes to do, it allows them to assert their power while also earning some money as well.I am not saying that they are useless, they do find real life criminals as well, but we all know wall street jokes about SEC let alone be scared of it. SEC will basically be asking bribes on this, they always do, anything that crypto world does, if you pay enough to SEC then you will get to do it without a problem at all. Even the biggest criminals get away with everything as long as they pay SEC and do not screw over other rich people, those are the two requirements to be a criminal in finance.
in my opinion the sec is overrated as well as its assumed influence in the rest of the world, they are trying to impose the same aml / kyc restrictions that have been placed at binance but trying to put the mandatory kyc procedure on a defi, decentralized platform seems to me ridiculous
FATF wants to ensure that all wallets are verified, and their owners go through the know your client procedure.
https://www.fatf-gafi.org/publications/fatfrecommendations/documents/public-consultation-guidance-vasp.html
It is very difficult and impossible to do for all cryptocurrencies, but the largest and most famous projects will always be under the supervision of the SEC.
https://www.fatf-gafi.org/publications/fatfrecommendations/documents/public-consultation-guidance-vasp.html
It is very difficult and impossible to do for all cryptocurrencies, but the largest and most famous projects will always be under the supervision of the SEC.
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What are your views on the cases the SEC has handled frequently so far, comments are invaluable.
If the SEC's intent is only to know how users use the exchange, I have no problem with that but knowing the SED thanks to their past dealings in the crypto space, I'd say there's more to it. It's no longer news that people have been delving into Defi in numbers while utilizing decentralized exchanges and AMM protocols like Uniswap for basically everything a CEX has especially now that regulations and rules on centralized exchanges have become more strict. My opinion is that the SEC would most likely have other intents and that's a bad news for us because they won't stop at Uniswap but proceed to others.
And today we're hearing more news about the exchange colony about the SEC targeting projects at Coinbase and Huobi in Thailand being banned. Then what next if almost from a big exchange into a lot of problems. Suspicious transactions, money laundering and back in the context of the diversity of accusations against investors in all exchanges.
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What are your views on the cases the SEC has handled frequently so far, comments are invaluable.
If the SEC's intent is only to know how users use the exchange, I have no problem with that but knowing the SED thanks to their past dealings in the crypto space, I'd say there's more to it. It's no longer news that people have been delving into Defi in numbers while utilizing decentralized exchanges and AMM protocols like Uniswap for basically everything a CEX has especially now that regulations and rules on centralized exchanges have become more strict. My opinion is that the SEC would most likely have other intents and that's a bad news for us because they won't stop at Uniswap but proceed to others.
i am optimistic that they will fail. just like the did to ripple. they attacked Ripple with loads of accusations. in the end, they got nothing. The same was done to USDT and bitfinex. they ended up with nothing. crypto is transparent and open to all. Uniswap is the most transparent. been the first platform to introduce the Dex Allowing users to swap tokens without providing informations. The SEC can go on, they will find nothing.
It is quite interesting to check something that is decentralized. I mean don't get me wrong Uniswap Lab makes a profit each time there is a swap on that platform, it is a GREAT business where you take absolutely no risk at all, no security, not holding anyone's money, basically you do literally nothing and people swap money between each other while you just sit and make money from the fee.
However it is decentralized, as in they can't do anything about it, it would require the whole community to agree to it, which is why they are not going to be able to change anything since not all people will agree to everything. This means SEC could check into it as much as they want, but they are not going to find anything that Uniswap Lab is doing that hurts the market, that is not just a possible situation in the development part if they checked the code of it.
However it is decentralized, as in they can't do anything about it, it would require the whole community to agree to it, which is why they are not going to be able to change anything since not all people will agree to everything. This means SEC could check into it as much as they want, but they are not going to find anything that Uniswap Lab is doing that hurts the market, that is not just a possible situation in the development part if they checked the code of it.
Decentralized exchanges are completely free for everyone to use but governments doesn't allow certain things such as money laundering that is the reason why they are trying to find something but nothing is going to be changed and this can be a proof why the real identity of a decentralized platform can ruin its future that is why Satoshi remains anonymous forever.
Indeed that is what they (SEC) memorize about cryptocurrency exchanges, always about money laundering until now. Suspecting investors for being in Uniswap is too much. SEC will not stop here, just look at Uniswap, maybe in the future, they have another list as the next exchange that will be followed up. However, in the end, they did not provide any evidence.
according to the Wall Street Journal, the SEC only investigated Uniswap's DEX developer. The SEC is also reportedly looking into how investors use Uniswap and they are also trying to investigate the Uniswap market.
With the investigation from the SEC, Uniswap Labs has also confirmed that they will cooperate and assist regulators in the investigation process.
but until now I still have not found nor clarification and response from the SEC regarding this matter.
and it seems the investigation is a sign for regulators to tighten their oversight of decentralized finance at this time, after XRP has now moved to Uniswap what next?
With the investigation from the SEC, Uniswap Labs has also confirmed that they will cooperate and assist regulators in the investigation process.
but until now I still have not found nor clarification and response from the SEC regarding this matter.
and it seems the investigation is a sign for regulators to tighten their oversight of decentralized finance at this time, after XRP has now moved to Uniswap what next?
I came across a new article about SEC oversight of the developer of the Uniswap decentralized exchange. On the other hand, what is your view on the SEC work and why is its position so influential on matters relating to crypto transactions, especially in this era of increasing adoption, such as being a financial center for the SEC because they can make money paying fines.
What are your views on the cases the SEC has handled frequently so far, comments are invaluable.
It is very reasonable indeed if the SEC does this because it is their job to do this and their main responsibility is to oversee the implementation of regulations in the field of securities trading and regulate the trading market on the stock exchange.
and why uniswap? because it is true that until now uniswap has become one of the big exchanges and indeed this could be one of the reasons for the SEC to start looking for things that are on uniswap, and maybe they have been looking for the fault of uniswap but now only published.
but on the other hand for now I do not like the work of the SEC because apart from carrying out their duties the SEC is now like a dangerous FUD.
I hope Uniswap doesn't become the next XRP.
and why uniswap? because it is true that until now uniswap has become one of the big exchanges and indeed this could be one of the reasons for the SEC to start looking for things that are on uniswap, and maybe they have been looking for the fault of uniswap but now only published.
but on the other hand for now I do not like the work of the SEC because apart from carrying out their duties the SEC is now like a dangerous FUD.
I hope Uniswap doesn't become the next XRP.
The SEC is the regulator of the United States (US) capital market or it can be called the Securities and Exchange Commission (SEC), after the supervisory body said it would take a firm stance and begin to regulate the crypto currency market, however, the cryptocurrency market is not under the authority of the SEC. However, SEC Chairman Jay Clayton said in February that he believes cryptocurrencies are effective securities and should be regulated as such. and the potential for fraud throughout the capital market.
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