A class-action lawsuit against Uniswap spotlights gaps in DeFi regulation

Quick Take

  • A user of decentralized exchange Uniswap filed a class-action lawsuit against Uniswap Labs, the startup that develops and maintains the protocol as well as its popular frontend website. 
  • The complaint contends that if Uniswap Labs had registered with the SEC and met the burden of securities laws, investors would be better protected from fraudulent activity.
  • Cases like this often never reach oral arguments inside a courtroom, but the case still spotlights fundamental questions about decentralized finance (DeFi) platforms that regulators have yet to address. 

This feature story is available to
subscribers of The Block News Plus.
You can continue reading
this News Plus feature on The Block.