Uniswap Onboards Former President of the New York Stock Exchange, Stacey Cunningham, as An Advisor

Key takeaways:

• Uniswap labs person welcomed the erstwhile President of the New York Stock Exchange, Stacey Cunningham, arsenic an advisor.
• Ms. Cunningham served arsenic the NYSE’s archetypal pistillate President betwixt 2018 and 2022.
• Her assignment arsenic advisor comes astatine a clip erstwhile DeFi protocols are nether accrued scrutiny from regulators.
• Uniswap is besides reportedly being investigated by the SEC.

The squad down the fashionable Ethereum-based decentralized trading level of Uniswap has announced that they person onboarded the erstwhile President of the New York Stock Exchange, Stacey Cunningham, arsenic an advisor.

1/ We are beyond honored to invited Stacey Cunningham @stacey_cunning, erstwhile president of the New York Stock Exchange @NYSE, arsenic an Advisor to Uniswap Labs.

— Uniswap Labs 🦄 (@Uniswap) June 15, 2022

Ms. Cunningham Started Her Career arsenic a Floor Trader astatine the NYSE and Worked Her Way Up to Serve arsenic its President.

The squad astatine Uniswap shared Ms. Cunningham’s summation to the squad via Twitter and highlighted her achievements implicit the years, opening arsenic a level trader successful the New York Stock Exchange and moving her mode up to beryllium its archetypal pistillate President. Ms. Cunningham served arsenic the NYSE President betwixt 2018 and 2022.

Uniswap’s squad further explained that she has joined the squad due to the fact that she believes successful the imaginable of the decentralized exchange. They said:

She joined Uniswap Labs due to the fact that she believes successful the imaginable of decentralized speech and successful Uniswap’s committedness to fairer markets.

Uniswap Labs is focused connected gathering revolutionary technology—through ups and downs.Our extremity is to alteration much transparent and just markets for all. Stacey’s seen however it’s done successful TradFi — and she’s excited astir moving with our squad toward a amended strategy successful DeFi.

Uniswap is Under the Radar of Regulators.

Ms. Cunningham joining Uniswap comes astatine a clip erstwhile planetary regulators are scrutinizing the decentralized concern industry, peculiarly owed to the pursuing events.

• UST’s depegging and illness of LUNA successful the crypto markets.
• Other algorithmic stablecoins, specified arsenic USDN and USDD, losing their peg.
• Celsius’ insolvency owed to the crypto marketplace downturn.

Furthermore, a Wall Street Journal study from September 2021 stated that the US Securities and Exchange Commission was investigating Uniswap. According to the report, the SEC is looking into however investors usage Uniswap, its token, and however it is marketed.

At the clip of the report, a Uniswap typical told the Wall Street Journal that they were ‘committed to complying with the laws and regulations governing our manufacture and to providing accusation to regulators that volition assistance them with immoderate inquiry.’