On Friday, Uniswap Labs, the company behind the decentralized crypto exchange Uniswap, stated that access to specific tokens on the protocol it supports would be restricted.
In explaining the adjustments, the decentralized exchange highlighted “the shifting regulatory situation.” The announcement comes after the Securities and Exchange Commission and the Commodity Futures Trading Commission increased their scrutiny of tokens that imitate offerings that are generally regulated at the exchange level.
Uniswap provided a list with 129 tokens on it. Tokenized equities, mirror stocks, options, and derivatives are among them. Tether Gold, opyn options on ETH with various strike and expiration dates, synthetix products on other coins and stocks, tokenized versions of Zelda and Mini Mario Cash, UMA yield dollars, and stocks such as “mirror Amazon” and “mirror Tesla” are just a few examples.
SEC Chair Gary Gensler recently issued a warning to the crypto industry concerning tokenized securities offerings. “Whether it’s a stock token, a stable value token backed by assets, or any other virtual product that provides synthetic exposure to underlying securities,” Gensler added.
However, according to the release, the protocol itself will remain unchanged:
“Unlike the interface, the Uniswap Protocol is a set of autonomous, decentralized, and unchangeable smart contracts. Anyone with an Internet connection has unrestricted access to it.”