2️⃣ Uniswap Settles as Investors Receive Subpoenas
Uniswap Labs announced a settlement with the CFTC this week, paying $175K for enabling leveraged token derivatives to be traded on the exchange, violating commodity laws. Meanwhile, a16z and Union Square Ventures, key investors in Uniswap, received subpoenas from the NY Attorney General, adding to the legal pressure Uniswap faces after the SEC’s Wells Notice from April. We can expect more developments following the DeFi hearing on September 10.