Insider News: a16z and USV Summoned by New York Regulatory Authorities over Uniswap Issues
Foresight News reports, according to CoinDesk, sources revealed that New York State Attorney General Letitia James has joined the regulation against Uniswap and issued subpoenas to its investors. This includes a16z and Union Square Ventures (USV), among others. A spokesperson for Uniswap stated via email, "Uniswap Labs is a pioneer of DeFi technology, providing us all with a better and fairer way to access financial services. We don't want anyone to bear unnecessary subpoenas, but we welcome dialogue with any government agency or elected official at any time."
In previous news from Foresight News, the U.S. Commodity Futures Trading Commission (CFTC) issued an order and settled charges against Uniswap Labs. The order found that Uniswap Labs illegally provided digital asset leverage or margin retail commodity transactions through decentralized digital asset trading protocols. The order requires Uniswap Labs to pay a civil penalty of $175,000 and cease violations of the Commodity Exchange Act (CEA).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Is the Federal Reserve repeating the 2022-style rate hikes? Bank of America warns: Rates may return above 5%, suggests shorting two-year U.S. Treasuries.
Bank of America warns: With Waller at the helm, the Federal Reserve may raise interest rates above 5%, potentially repeating the events of 2022.
OpenAI is expected to burn over $278 billion in cash by 2030, with a revenue target of $350 billion over the same period.
OpenAI is expected to generate up to $278 billion in negative free cash flow over the next five years, driven solely by computing power and infrastructure, with cumulative spending projected to reach approximately $856 billion by 2030. The company anticipates revenue of $350 billion in 2030 and $36 billion in 2026, with total revenue from 2026 to 2030 amounting to around $840 billion.
Garrett Jin's ZEC short position has an unrealized loss of $33.422 million.
Crypto prices
More
