đšCFTC issues an order against Uniswap for offering illegal digital asset derivatives trading, specifically related to Bitcoin and Ethereum leveraged tokens. đ° A $175k fine has been imposed, and the case is now closed.
đĄ Why it matters:
This settlement signals a shift from harsh enforcement to a more cooperative and lenient approach. The CFTC acknowledges Uniswapâs substantial cooperation, which led to a lighter fine. âïž
Key detail: The tokens didnât meet the 28-day delivery rule, so they should've been offered on a designated board of trade, which Uniswap Labs wasn't.
This could indicate a more collaborative future between crypto platforms and regulators! đ
Stay informed and always #DYOR đ
Source: "CFTC.gov press release"
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