CFTC Fines Uniswap Labs $175,000 for Commodity Exchange Act Violations

The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., which operates as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance protocol operator (defi) has been found in breach of the Commodity Exchange Act (CEA) for offering leveraged trading in retail commodities without proper registration. Uniswap Labs, the company behind a popular decentralized digital asset (…)