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Developments in the cryptocurrency market continue to attract attention. The United States Securities and Exchange Commission (SEC) has taken a significant step. The SEC sent letters to venture capital firms known for their significant investments in the crypto space, such as A16Z and Union Square Ventures, regarding Uniswap. These letters are known to address issues related to Uniswap.
Notable Step Towards Uniswap
According to the latest breaking news, the SEC sent letters to venture capital firms about issues with Uniswap. The team, which issued a Wells notice regarding Uniswap in recent months, followed this step by sending a warning letter to the venture capital firms.
During the development, Bitcoin rose by 1.36% in the last 24 hours to trade at $59,525, while Uniswap’s native token UNI fell from $6.30 to $6.13 following the news. The UNI token continues to trade at $6.13, with a 3.72% increase in the last 24 hours.
