Latest news with #UniswapLabs
Yahoo
16 hours ago
- Business
- Yahoo
Uniswap Labs President Mary-Catherine Lader Steps Down After Four Years
Mary-Catherine Lader, President and COO of Uniswap Labs, has stepped down after four years leading the development company behind one of the most prominent decentralized exchanges (DEX). A former BlackRock executive, Lader joined Uniswap in 2021 to help bridge traditional finance and decentralized protocols. During her tenure, Uniswap Labs expanded the protocol's reach across multiple blockchains, launched its own mobile wallet, and matured into an infrastructure provider relied on by institutions, developers, and retail users alike. A successor has not been named. Her exit also comes at a time when Uniswap's regulatory standing has stabilized after facing multiple challenges over the past year. In April 2024, the company received a Wells notice from the U.S. Securities and Exchange Commission (SEC), signaling potential enforcement action over alleged unregistered broker and exchange activity. Later, in September 2024, Uniswap Labs settled with the CFTC, agreeing to pay a $175,000 fine for illegally offering leveraged digital asset derivatives through its interface, specifically, tokenized products that the agency deemed margined commodity contracts. Since then, the broader U.S. policy environment has shifted. Under President Donald Trump, the White House has thrown its support behind crypto via the GENIUS Act, a proposed national bitcoin reserve, and calls for 'clear and simple' regulatory frameworks. Trump has described himself as the 'crypto president,' and Congressional momentum is building around market structure legislation. Lader departs with Uniswap standing strong, anchored by over $5.3 billion in total value locked, according to DeFi Llama.
Bloomberg
a day ago
- Business
- Bloomberg
Uniswap Labs President Lader Leaves DeFi Firm After Four Years
Uniswap Labs President and Chief Operating Officer Mary-Catherine Lader, who left BlackRock in 2021 to help lead the largest decentralized trading platform on Ethereum, has exited the firm. A spokeswoman of Uniswap confirmed Lader's departure with Bloomberg News, adding that the firm thanks 'her for her four years of leadership, and will continue to build on her contributions by remaining focused on our users, partners and DeFi community.' Lader did not respond to an inquiry for comment.
Axios
18-03-2025
- Business
- Axios
The SEC's retrenchment
The Securities and Exchange Commission is starting over Friday, hosting its first of a series of roundtables exploring the future regulation of crypto assets. Why it matters: The agency has spent the first two months under the new administration making it clear that it intends to regulate by writing rules, rather than taking firms to court. The big picture: Since Inauguration Day, which coincided with the departure of former SEC chair Gary Gensler, the securities regulator has backed off a lot of cases against crypto companies. If you put all these cases built up during the Biden administration together, it illustrates a strategy of going after key elements of the industry. It's like if you wanted to prevent movies from being made: You'd bring a case against a big talent agency, a few studios, a couple of theater chains and a distributor. The heart of the crypto industry is trading, and the SEC went after more exchanges than any other category. Zoom in: Probably the most impactful move came in February when it dropped its case against Coinbase, in which the SEC alleged the exchange had failed to register. The court agreed to the withdrawal this month. This month it also dropped a case (in principle) against Kraken, another major exchange, over much the same issue. At the end of February, it closed an investigation into Uniswap Labs, which developed the leading decentralized exchange, Uniswap. (The business of Uniswap Labs is quite different than that of exchange operators.) Then it turned to cases that went after other key infrastructure, including: OpenSea, the best-known NFT marketplace, which announced that the SEC had withdrawn an investigation into the firm. Presumably, it had been preparing to argue that NFTs are securities, which might make OpenSea another unregistered exchange. Cumberland DRW, a market maker, also announced a joint filing to end its case with the agency. Zoom out: The retreat is starting to have ripple effects. Vermont also dropped its case against Coinbase over staking services. What we're watching: Coin issuer Ripple's case with the SEC has been one of the most important, delivering an early win on trading on the secondary markets. The case had never been fully resolved, though one report came out that it was close. Another exchange, last year said it was suing the agency after receiving a Wells Notice. But a spokesperson tells Axios that the suit was withdrawn in December. No update on the investigation, however. State of play: In general, these cases have been over the bureaucratic issue of which activities require which kind of registration. Important, but not directly harmful. But two cases included more serious allegations of market manipulation. Both of these cases are stayed, not dropped. The parties asked for a stay in the SEC's case against the world's largest cryptocurrency exchange, Binance. And then there is another coin issuer, Justin Sun, and Tron, the controversial but popular blockchain, also under a mutually agreed upon 60-day stay.
Bloomberg
25-02-2025
- Business
- Bloomberg
Uniswap Says the SEC Closes Probe of Decentralized Finance Firm
Uniswap Labs, the creator of the largest decentralized trading platform on Ethereum, said the US Securities and Exchange Commission has closed its investigation into the company with no enforcement action. In April, Uniswap said the SEC sent a so-called Wells Notice saying that it planned to recommend a legal action against it. The agency had alleged that the company that hatched the DeFi exchange project operated as an unregistered broker, exchange and issued an unregistered security, the firm said at the time. A SEC spokesperson declined to comment Tuesday.
