{"id":16694,"date":"2024-09-05T10:05:39","date_gmt":"2024-09-05T07:05:39","guid":{"rendered":"https:\/\/forklog.com\/en\/cftc-fines-uniswap-labs-175000\/"},"modified":"2024-09-05T10:05:39","modified_gmt":"2024-09-05T07:05:39","slug":"cftc-fines-uniswap-labs-175000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cftc-fines-uniswap-labs-175000\/","title":{"rendered":"CFTC Fines Uniswap Labs $175,000"},"content":{"rendered":"<p>The Commodity Futures Trading Commission (CFTC) has fined Uniswap Labs $175,000 for offering digital asset derivatives through a <a href=\"http:\/\/defi\">DeFi<\/a> protocol.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/CFTC?ref_src=twsrc%5Etfw\">@CFTC<\/a> Issues Order Against Uniswap Labs for Offering Illegal Digital Asset Derivatives Trading: <a href=\"https:\/\/t.co\/Io0VP7c18U\">https:\/\/t.co\/Io0VP7c18U<\/a><\/p>\n<p>\u2014 CFTC (@CFTC) <a href=\"https:\/\/twitter.com\/CFTC\/status\/1831359783561302499?ref_src=twsrc%5Etfw\">September 4, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company is also required to refrain from further violations of the Commodity Exchange Act.<\/p>\n<p>The regulator&#8217;s claims concerned a &#8220;limited number&#8221; of leveraged tokens traded on the decentralized exchange. The CFTC classified these products as derivatives.<\/p>\n<p>The Commission noted that such &#8220;commodity transactions&#8221; without actual delivery within 28 days can only be offered to retail users by market participants registered with the CFTC. Uniswap Labs is not among them.<\/p>\n<p>According to the statement, the regulator acknowledged the company&#8217;s substantial cooperation in the investigation and reduced the civil penalty.<\/p>\n<p>Back in May, Uniswap Labs urged the U.S. Securities and Exchange Commission to reconsider a <a href=\"https:\/\/u1f987.com\/en\/news\/uniswap-labs-urges-sec-to-reconsider-potential-lawsuit\">potential lawsuit<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Commodity Futures Trading Commission (CFTC) has fined Uniswap Labs $175,000 for offering digital asset derivatives through a DeFi protocol. .@CFTC Issues Order Against Uniswap Labs for Offering Illegal Digital Asset Derivatives Trading: https:\/\/t.co\/Io0VP7c18U \u2014 CFTC (@CFTC) September 4, 2024 The company is also required to refrain from further violations of the Commodity Exchange Act. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[879,787,1304,1391],"class_list":["post-16694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cftc","tag-dex","tag-fines","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16694"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16693"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}