Uniswap Labs, the entity behind the renowned decentralised exchange (DEX) Uniswap (CRYPTO:UNI), has found itself in regulatory hot water.

The software development company recently received a Wells Notice from the US Securities and Exchange Commission (SEC), a harbinger that could lead to an enforcement action.

This development underscores the increasing scrutiny decentralised finance (DeFi) entities are facing from regulatory bodies.

In the mid of these regulatory hurdles, Uniswap Labs is looking towards innovation and collaboration as a pathway forward.

They have formed a partnership with Across, a protocol specialising in cross-chain transactions, to introduce a new standard for cross-chain functionalities.