The US Securities and Exchange Commission (SEC) has notified Uniswap Labs, the developer behind a major cryptocurrency exchange, of potential enforcement action. The reason for the warning remains unclear but comes amid the SEC’s ongoing efforts to regulate digital assets.

This move follows the SEC’s public dispute with Coinbase, the world’s largest publicly traded crypto exchange, regarding whether cryptocurrencies qualify as securities. Uniswap argues the SEC’s actions target legitimate businesses and stifle innovation in the blockchain space.

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Uniswap is a key player in the decentralised finance (DeFi) sector, where financial transactions occur directly between users, bypassing traditional financial institutions. The SEC’s stance on DeFi regulation remains to be seen, but this latest development highlights the ongoing scrutiny of the industry.

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