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.
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Author: Aislinn Keely
