Unis Swap receives enforcement action from the SEC and LEO. ETF records show low outflows. You're watching Coin Desk Daily I'm your host, Jen Sani I Exchange Unis Wap received an enforcement notice from SEC CEO Hayden Adams to X on Wednesday to say the exchange is ready for a fight after receiving notice that the regulator is planning enforcement actions. The price of Unis Native Token Uni fell 9.5% immediately after the news, and as of 9:30 a.m. ET, Uni's price was at $9.30. Adam said he wasn't surprised about X. He said he was just upset and disappointed. As I said before, in preparation for the Welsh fight, the notices are preliminary warnings to inform respondents of the charges. The regulatory body is considering filing a lawsuit against them. It usually leads to executive action at a press conference. Unis' CEO and chief legal officer told reporters that the content of the Wells notice focused on Unis A acting as an unregistered securities broker and an unregistered securities exchange. The Greyscale Bitcoin ETF recorded about $18 million in outflows on Wednesday. This is a record low since it began operating in January. According to X posts by BMX Research and remote investors. These numbers come a day after Greyscale CEO Michael Sonnenshein said he sees outflows reaching equilibrium. The selling activity associated with settlements of bankrupt cryptocurrency companies like FTX has been largely behind us. The G BT C product has bled nearly $15 billion in Bitcoin outflows since its launch and is continually seeing outflows every week. Regarding virtual assets in Dubai, the regulatory authority is looking for ways to reduce the costs incurred by companies to comply with its rules. Matthew White, chief executive of the regulator, said: “There are a number of things I am looking at at the moment to try to make the system and regulations work for everyone. He said that at Paris Blockchain Week VAA is the sole digital asset regulator in the UAE, and is one of seven countries that make up the UAE. Dubai unveiled its own cryptocurrency rules last year, which were generally welcomed while some expressed concern that the costs would be prohibitive. That's it for the Daily Currency Desk. Get more updates on Coindesk.com and we'll see you next time.
