SEC Probes Venture Capital Funds over Uniswap Labs Concerns
CryptoNewsTerminal Staff12 Aug, 2024
SEC Probes Venture Capital Funds over Uniswap Labs Concerns
The U.S. Securities and Exchange Commission (SEC) has reportedly sent letters to venture capital firms, including Andreessen Horowitz (a16z) and Union Square Ventures, as part of an ongoing investigation into Uniswap Labs. The specific nature of the SEC's inquiries is currently unknown. In April, the SEC issued a Wells notice to Uniswap Labs, signaling the agency's intent to pursue an enforcement action against the company. In response, Uniswap Labs filed a motion to pause the SEC's proceedings and declared its readiness to "fight for Uniswap and DeFi." Previous coverage of the investigation can be found here.
