Uniswap is the most well-known decentralized crypto exchange (DEX). In September, the Securities and Exchanges Commission (SEC) launched an investigation into the exchange. Uniswap has just reinforced its teams with a former spokesperson for Obama in order to anticipate potential difficulties with the SEC.
Uuniswap (UNI token) is a decentralized finance application. More specifically, it is a decentralized crypto exchange or DEX. This type of exchange is increasingly successful because it allows the prohibitions to be circumvented, as is the case in China, for example. On the other hand, like its centralized colleagues (CEX), Uniswap expects to encounter legal difficulties with the SEC …
The recruitment of a former Obama spokesperson
Hari Sevugan! If the name doesn’t mean anything to you, you should know that he played the role of spokesperson for Barak Obama for his 2008 campaign. He is also known for his many connections within the Democratic Party. Thursday, October 14, 2021, Hari Sevugan joined the Uniswap company.
“I am delighted to join the brilliant team at Uniswap as they are dedicated and work to develop the full potential of cryptocurrency in a way that gives more people ownership of their own financial future and the value they have. create. (…) Crypto is opaque and intimidating for many. I want to help more people connect to it by making it more accessible and understandable. »Hari Sevugan, former spokesperson for Barak Obama
Its role will be to manage media communication for Uniswap. In addition, it will also support relationships with new and old users. But, given the context, it’s a safe bet that his role also includes the relationship with the SEC…
Uniswap, under the watch of the SEC?
One of the advantages of decentralized crypto exchanges is to go somewhat under the radar. For example, following the ban on crypto trading in China, many users have flocked to Uniswap and other DEXs. This was also true from a legal point of view. Like Binance, many centralized exchanges are in conflict with national jurisdictions.
This observation is about to change. Indeed, CEXs are now closely observed and could experience the same difficulties. Last September, The SEC launched an investigation into Uniswap Labs, the company running the Uniswap crypto exchange. It has been said that the survey was simply to collect information on Uniswap’s services and marketing…
The recruitment of Hari Sevugan therefore comes at a time when Uniswap expects to be “scrutinized” by US institutions. Last June, Uniswap also created a fund financed by UNI. Its aim is to support the DeFi sector and to protect it against “overly stringent regulations”.
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