Summary
The SEC targeting Uniswap Labs could impact DeFi’s growth in the bull market, causing market reactions. Memecoins and other sectors are seeing varied success, while bitcoin remains dominant. Institutional investors are slowly entering the bitcoin ETF market. The IRS is preparing to crack down on crypto tax crimes. Other news includes CBDC decisions, tokenized deposits, and Microsoft’s investment in an AI startup. Senators Warren and Grassley are seeking details on CFTC meetings with FTX CEO.
Key Points
1. Concerns over SEC targeting Uniswap Labs may impact DeFi’s growth in the current bull market.
2. Uniswap Labs CEO Hayden Adams is prepared to fight any lawsuit, but UNI token’s sharp decline has affected the DeFi sector’s market dominance.
3. The IRS is gearing up to combat more crypto tax crimes, with proposed changes including bringing all digital assets under existing wash trading rules.