Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
New York State Attorney General Letitia James has joined a regulatory offensive against cryptocurrency trading platform Uniswap, according to internal communications regarding the NYAG subpoenas seen by CoinDesk and two people who are familiar with the situation.
Over the course of last month, subpoenas from James' office were sent to some venture capital firms that have invested in decentralized-finance giant Uniswap, including Andreessen Horowitz and Union Square Ventures, the two sources said. A spokesperson for Uniswap said via email:"Uniswap Labs is a proud 'Made in New York' pioneer of DeFi technology, which offers a path for all of us to better, fairer access to financial services. We don't wish the burden of unnecessary subpoenas on anyone. But we welcome dialogue any time with any government agency or elected official about the future we can build together when we champion responsible DeFi innovation, especially in our home state.
The NYAG's office and Union Square Ventures did not respond to a request for comment, while a16z declined to comment.to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act, the agency said in a press release. U.S. regulators have targeted the cryptocurrency sector, particularly since the collapse of FTX and other crypto firms in 2022.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A's, Giants to square off in final Bay Bridge series this weekendThe San Francisco Giants and Oakland A's will square off in one final Bay Bridge series this weekend.
Read more »
Giants QB Tommy DeVito Focused on Giving Giants Best in Preseason FinaleDeVito is aiming to convince the Giants to keep three quarterbacks for the first time in the Brian Daboll-Joe Schoen era
Read more »
New York Giants Practice Report: Not a Good Day for the GiantsThe New York Giants and New York Jets held joint practice in which the Jets mainly got the better of their MetLife Stadium neighbors.
Read more »
Giants LB Bobby Okereke Opens Up About the 2024 Giants, Facing Saquon and MoreOkereke had some interesting things to say in a recent podcast appearance.
Read more »
New York Giants Kayvon Thibodeaux Aspires to Help Boost Giants Pass RushThibodeaux should benefit greatly from the presence of both Dexter Lawerence II and Brian Burns.
Read more »
Safety remains a concern in Union Square following shooting of 49ers' Ricky PearsallThe shooting of 49ers rookie Ricky Pearsall in Union Square over the weekend is just the latest challenge for what was once one of San Francisco's thriving retail centers.
Read more »