Breaking Down CFTC's Novel Theory Driving Uniswap Action

By Addison Morgan, Ethan Ostroff and Trey Smith (October 8, 2024, 4:04 PM EDT) -- Although Congress has neither formulated a regulatory framework for the digital asset industry nor anointed a federal regulatory agency as the de facto overseer of digital asset-related activities affecting interstate commerce, the U.S. Commodity Futures Trading Commission continues to advance its position that the scope of its enforcement authority arising under the Commodity Exchange Act[1] may be broadly applied to digital asset stakeholders....

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