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Uniswap Labs and Galois Capital have settled with regulators, marking a significant development in the regulatory landscape for decentralized finance (DeFi). The small settlements with the SEC and CFTC highlight the ongoing efforts by U.S. regulators to impose stricter compliance measures on the crypto industry. Despite Uniswap's proactive measures to comply with regulations, the CFTC pursued enforcement action, raising concerns about the feasibility of compliance in the DeFi space. Experts warn that these settlements could set precedents for more aggressive regulatory actions in the future, potentially leading to a larger crackdown on the crypto industry. There are ongoing attempts to shadowban digital assets in the U.S., but the industry remains resilient.
🔥 Is compliance a trap? Even though Uniswap took proactive measures to follow the rules, the CFTC still went after them. @LarryFlorio explains why being a “good citizen” in crypto might not be enough to avoid enforcement action. 😬 🎧 Listen now: https://t.co/CpLITpjLoM https://t.co/aMBF51W4Xi
⚠️ On @Unchained_pod, @larryflorio warns that the settlements with @Uniswap and @Galois_Capital could pave the way for more aggressive regulatory actions. Could this be the beginning of a larger crackdown on crypto? 🚨 Spotify 🎧 https://t.co/ymIT2ZhSic Apple 🎧… https://t.co/Vf5Ztl6p8a
⚠️ @LarryFlorio warns that the small settlements by Uniswap and Galois might be setting precedents for bigger, more aggressive actions by regulators. Is a bigger crypto crackdown on the way? 🚨 🎧 Listen now: https://t.co/CpLITpjLoM https://t.co/fnIMfpyokH