A class-action lawsuit against Uniswap spotlights gaps in DeFi regulation

Quick Take

  • A user of decentralized exchange Uniswap filed a class-action lawsuit against Uniswap Labs, the startup that develops and maintains the protocol as well as its popular frontend website. 
  • The complaint contends that if Uniswap Labs had registered with the SEC and met the burden of securities laws, investors would be better protected from fraudulent activity.
  • Cases like this often never reach oral arguments inside a courtroom, but the case still spotlights fundamental questions about decentralized finance (DeFi) platforms that regulators have yet to address. 
A civil case against Uniswap Labs spotlights fundamental questions about DeFi regulation that policymakers have not answered.

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May 5, 2022, 3:17PM UTC