TechFlow news — On August 12, according to Axios, multiple sources reported that several venture capital firms, including Andreessen Horowitz (a16z) and Union Square Ventures, have received letters from the SEC inquiring about their relationships with Uniswap Labs, the operator of the decentralized crypto exchange Uniswap.
Previously, Uniswap Labs raised over $170 million through venture capital funding, with its most recent round occurring at the end of 2022 at a valuation close to $1.7 billion. Earlier this year, the company received a Wells notice from the SEC and has since responded. The regulator may allege that Uniswap is operating as an unregistered exchange.
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