Has U.S. Inflation Peaked?
Summary
Crypto developers working in decentralized finance, or DeFi, say that their automated platforms are governed by code, not people. But their premise of hands-off decentralization is being challenged by regulators, tech experts and aggrieved investors, most recently in a proposed class action lawsuit filed in New York federal court. But people write the code that controls the exchange’s operations, and its governance system is designed to favor insiders, he argued. The agency is reportedly investigating Uniswap, but Serritella said that lawyers must “bring these issues to the courts” because enforcers move slowly and investors are getting hurt. “These allegations are meritless and the complaint is riddled with factual inaccuracies,” a Uniswap Labs spokeswoman said in a statement to DealBook.