SEC Targets Uniswap in Latest Crackdown on Crypto Anonymity and DeFi

SEC files Wells Notice against popular decentralized exchange Uniswap, continuing its pattern of regulation by enforcement against crypto firms
Action against Uniswap concerning for crypto advocates as it signals regulators pivoting focus to decentralized finance (DeFi) sector
Uniswap claims it is only a software developer and its protocol is separate, but will likely have to share user data with regulators
U.S. regulators mandating increased transparency and reporting in crypto, changes to IRS code also require more varied info from operators
Anonymity in crypto decreasing through integration with traditional finance and regulatory pressures like enforcement actions